This study examines long term and short term inter-linkage between liquidity dimensions and equity returns in oil and gas sector of an emerging stock market for the time period 2009-2015. Conventional liquidity ratio and Amihud ratio are used to capture Price impact. Roll estimator is employed to quantify the effective spread and transaction cost aspect of liquidity. https://www.diegojavierfares.com/hot-deal-Cobra-Fly-XL-Graphite-Mens-Right-Hand-Package-Set-Regular-Fly-XL-save-more/