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The impact of COVID ‐19 on Karachi stock exchange: Quantile‐on‐quantile approach using secondary and predicted data
Author(s) -
Waheed Rida,
Sarwar Suleman,
Sarwar Sahar,
Khan Muhammad Kaleem
Publication year - 2020
Publication title -
journal of public affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 20
eISSN - 1479-1854
pISSN - 1472-3891
DOI - 10.1002/pa.2290
Subject(s) - covid-19 , stock exchange , quantile , stock (firearms) , economic interventionism , stock market , economics , pandemic , econometrics , stock market index , index (typography) , financial economics , monetary economics , business , finance , medicine , geography , computer science , context (archaeology) , law , archaeology , world wide web , political science , disease , politics , infectious disease (medical specialty) , virology , outbreak
During the pandemic, the stock markets of developed countries have reported a jittery trend. The current study focuses on the impact of COVID‐19 on Pakistani stock market, which belongs to a developing economy. The findings of current study have contradicted with the previous studies, which reported an adverse effect of COVID‐19 on developed stock markets. We conclude that KSE‐100 index has confirmed positive increment in stock returns. In addition, by using three predicted scenarios of COVID‐19, we report the significant increase in KSE‐100 index. However, it seems clear that the timely intervention of Pakistani government has safeguard the investors from utter disaster of stock market.