Impact of COVID-19 Pandemic and Vaccinations on Pakistan Stock Exchange
DOI:
https://doi.org/10.62843/jrsr/2024.3a033Keywords:
COVID-19, Vaccination, Pakistan Stock Exchange, PandemicAbstract
The study aims to investigate the impact of the COVID-19 outbreak and vaccinations on market returns in Pakistan. For this purpose, the study considered a sample period of January 2019 to December 22. This study 14 events of the COVID-19 outbreak and 09 events to establish the impact of Covid-19 and vaccination on capital market returns. The study reveals the strong negative impact of COVID-19 proxies such as 1st wave, 2nd wave, travel restrictions, and travel lockdown on market returns. Meanwhile, vaccination has a positive effect on Pakistan's market returns. Future research can be conducted to compare the impact of COVID-19 on different sectors of the stock market.
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