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Impact of COVID-19 on Performance of Pakistan Stock Exchange

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  • Ahmed, Shehar Yar

Abstract

The objective of this study is to determine the impact of COVID-19 on the performance of Pakistani Stock Market. This study uses the data of COVID-19 related positive cases, fatalities, recovers and the closing prices of PSX 100 index of the first half of 2020. The findings of the study suggest that only COVID-19 recoveries are influencing the performance of the index and the daily positive cases and fatalities are insignificantly related to the performance. Further studies can be performed by incorporating other variables such as economic growth, interest rate and inflation rate along with the COVID-19 related variables at a cross-country level.

Suggested Citation

  • Ahmed, Shehar Yar, 2020. "Impact of COVID-19 on Performance of Pakistan Stock Exchange," MPRA Paper 101540, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:101540
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    File URL: https://mpra.ub.uni-muenchen.de/101540/1/MPRA_paper_101540.pdf
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    References listed on IDEAS

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    1. Ding, Wenzhi & Levine, Ross & Lin, Chen & Xie, Wensi, 2021. "Corporate immunity to the COVID-19 pandemic," Journal of Financial Economics, Elsevier, vol. 141(2), pages 802-830.
    2. Amore, Mario Daniele & Pelucco, Valerio & Quarato, Fabio, 2022. "Family ownership during the Covid-19 pandemic," Journal of Banking & Finance, Elsevier, vol. 135(C).
    3. Corbet, Shaen & Larkin, Charles & Lucey, Brian, 2020. "The contagion effects of the COVID-19 pandemic: Evidence from gold and cryptocurrencies," Finance Research Letters, Elsevier, vol. 35(C).
    4. Laura Alfaro & Anusha Chari & Andrew N. Greenland & Peter K. Schott, 2020. "Aggregate and Firm-Level Stock Returns During Pandemics, in Real Time," NBER Working Papers 26950, National Bureau of Economic Research, Inc.
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    Cited by:

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    2. Ghulam Ghouse & Muhammad Ishaq Bhatti & Muhammad Hassam Shahid, 2022. "Impact of COVID-19, Political, and Financial Events on the Performance of Commercial Banking Sector," JRFM, MDPI, vol. 15(4), pages 1-18, April.
    3. Muhammad Kashif & Fatima Sultana & Muhammad Atif & Muhammad Aslam & Ammara Sarwar & Umar Farooq Awan & Muhammad Wasif Hanif, 2023. "COVID-19 Attack on Stock Markets: Event Study and Panel Data Analysis of Organization of Islamic Countries (OIC)," Journal of Economic Impact, Science Impact Publishers, vol. 5(1), pages 50-63.
    4. Saeid Homayoun & Mohammad Ali Bagherpour Velashani & Bashaer Khdhair Abbas Alkhafaji & Siham Jabbar Mezher, 2023. "The Effect of COVID-19 on the Performance of SMEs in Emerging Markets in Iran, Iraq and Jordan," Sustainability, MDPI, vol. 15(10), pages 1-14, May.
    5. Luciana Simion & Georgiana-Loredana Schipor, 2020. "Financial Market Reactions to the Political Uncertainty. Study Case: Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1072-1080, December.
    6. Ahmad Yousaf & Ufaq Adeel & Muhammad Hanan Arshad, 2023. "The Spill-over Effects between Oil and Gas Marketing and Exploration Firms of Pakistan Stock Exchange (PSX) KSE-100 index: During the Times of COVID-19 and Russian-Ukraine War," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 65-78.

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    More about this item

    Keywords

    COVID-19 and Stock Market; Pakistan Stock Market and Pandemic; Financial Markets and Pandemics.;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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