Abstract:
Study empirically investigates stock market performance in Pakistan in response to COVID-19 pandemic. Study found that overall volatility in the market has dramatically increased during the first wave of pandemic, whereas during the second wave the volatility subsides. It appears that the adverse impact of COVID-19 during the first wave was much more severe than it was for the second wave. Moreover, study bridges the existing gap in extant empirical literature for developing economies \like that of Pakistan
