Title

Investigating the Impact of COVID 19 Outbreak on Stock Market Returns: Evidence from Pakistan

Abstract/Description

Since the world has entered the second wave of COVID 19, and empirical studies discussing the Covid-19 outbreak and its impact on stock market returns and liquidity are minimal, this study is expected to fill the gap. It aims to find the impact of the COVID 19 pandemic on stock market returns and the relationship between market liquidity and Pakistan's stock market returns. In general, it finds that the spread of COVID-19 had a statistically negative impact on daily market returns and liquidity.

Session Theme

Socio-economic Impact of Covid-19 - Session IIC

Session Type

Parallel Technical Session

Session Chair

Dr. Uzma Iram Assistant Professor - AERC, University of Karachi

Session Discussant

Dr. Aqdas Afzal Program Director & Assistant Professor Social Development & Policy Program, Habib University

Start Date

7-4-2021 2:29 PM

End Date

3-4-2021 4:00 PM

Comments

Nazima Ellahi: Associate Professor, Economics & Finance. Foundation University Islamabad

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Apr 7th, 2:29 PM Apr 3rd, 4:00 PM

Investigating the Impact of COVID 19 Outbreak on Stock Market Returns: Evidence from Pakistan

Since the world has entered the second wave of COVID 19, and empirical studies discussing the Covid-19 outbreak and its impact on stock market returns and liquidity are minimal, this study is expected to fill the gap. It aims to find the impact of the COVID 19 pandemic on stock market returns and the relationship between market liquidity and Pakistan's stock market returns. In general, it finds that the spread of COVID-19 had a statistically negative impact on daily market returns and liquidity.