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

Nazima Ellahi; Numair Ahmad Sulehri

Abstract:

Since the world has entered the second wave of COVID 19, empirical studies discussing the Covid-19 outbreak and its impact on stock market returns and liquidity are very limited. This study expects to fill the gap and 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.

research from:

• Foundation University - Faculty of Management Sciences

Year:

2021

Type of Publication:

Article

Keywords:

black swan theory; liquidity

Journal:

International Journal of Innovation, Creativity and Change.

Volume:

15

Number:

5