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THE IMPACT OF DIFFERENT WAVES OF THE COVID19 PANDEMIC ON THE STOCK MARKETS IN SOUTH ASIAN COUNTRIES

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24 Pages : 238-253

http://dx.doi.org/10.31703/gssr.2021(VI-II).24      10.31703/gssr.2021(VI-II).24      Published : Jun 2

The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries

Abstract

    The crisis of COVID-19 comes with a calamitous economic stance. The South Asian countries experience their nastiest economic performance in the last four decenniums, and a moiety of the countries are falling into recession. This paper checks the impact of the first,second and third waves of COVID-19 outbreak on the stock market indices of all the South Asian countries, including India, Pakistan, Afghanistan, SriLanka, Bangladesh, Maldives, Nepal, and Bhutan. The study has utilized the Event Study Methodology and results exhibit that COVID-19 decreases the mean returns of all the stock market indices and increases their volatility,which designates that Corona does influence all the stock markets of South Asia in decrementing their returns and incrementing volatility. Overall, the negative effect of the first wave of COVID-19 is not paramount across all the indices except the National Stock Exchange of India (NSE), albeit its second wave did not affect any of the stock market indices significantly. In contrast,the third wave affects the stock markets indices of Pakistan (PSX) and Afghanistan (AFX).

    Stock Asian Countries, COVID-19, Abnormal Returns, Event Study

    (1) Muhammad Ishtiaq
    Assistant Professor, Lyallpur Business School, Government College University, Faisalabad, Punjab, Pakistan.
    (2) Aisha Imtiaz
    Assistant Professor, Department of Business Administration, Government College Women University, Faisalabad, Punjab, Pakistan.
    (3) Hina Mushtaq
    Ph.D Scholar, Lyallpur Business School, Government College University, Faisalabad, Punjab, Pakistan.
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Cite this article

APA

    APA : Ishtiaq, M., Imtiaz, A., & Mushtaq, H. (2021). The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries. Global Social Sciences Review, VI(II), 238-253. https://doi.org/10.31703/gssr.2021(VI-II).24

CHICAGO

    CHICAGO : Ishtiaq, Muhammad, Aisha Imtiaz, and Hina Mushtaq. 2021. "The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries." Global Social Sciences Review, VI (II): 238-253 doi: 10.31703/gssr.2021(VI-II).24

HARVARD

    HARVARD : ISHTIAQ, M., IMTIAZ, A. & MUSHTAQ, H. 2021. The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries. Global Social Sciences Review, VI, 238-253.

MHRA

    MHRA : Ishtiaq, Muhammad, Aisha Imtiaz, and Hina Mushtaq. 2021. "The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries." Global Social Sciences Review, VI: 238-253

MLA

    MLA : Ishtiaq, Muhammad, Aisha Imtiaz, and Hina Mushtaq. "The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries." Global Social Sciences Review, VI.II (2021): 238-253 Print.

OXFORD

    OXFORD : Ishtiaq, Muhammad, Imtiaz, Aisha, and Mushtaq, Hina (2021), "The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries", Global Social Sciences Review, VI (II), 238-253

TURABIAN

    TURABIAN : Ishtiaq, Muhammad, Aisha Imtiaz, and Hina Mushtaq. "The Impact of different Waves of the COVID-19 Pandemic on the Stock Markets in South Asian Countries." Global Social Sciences Review VI, no. II (2021): 238-253. https://doi.org/10.31703/gssr.2021(VI-II).24