Herding Behavior of Investors in Pakistan Stock Exchange during Covid-19

Herding Behavior of Investors in Pakistan Stock Exchange during Covid-19

Authors

  • Rooman Ali Shah MS Commerce University of Science & Technology, Bannu
  • Mohay Ud Din Shah Assistant Professor, Government College of Commerce No. 2 Bannu
  • Amir Junaid Shah Instructor, Regional Professional Development Center Ghoriwala, Bannu

DOI:

https://doi.org/10.59075/jssa.v2i2.59

Keywords:

Herding Behavior, PSX, CSSD, COVID-19, Lock Down

Abstract

This study attempts to investigate the presence of herding behavior during COVID-19 in Pakistan Stock Exchange (PSX). Cross Sectional Standard Deviation (CSSD) is used for detecting the deviation in returns of the selected firms on a particular date. Linear regression is used to test the presence of herding behavior. The study of the data covers all the three lock down periods in Pakistan of COVID-19 in Pakistan. The results of the study concluded that during investors of individual firm don’t follow herd during upward market movement, but on other hand they follow herd during downward market movements.

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Published

2024-12-05

How to Cite

Rooman Ali Shah, Mohay Ud Din Shah, & Amir Junaid Shah. (2024). Herding Behavior of Investors in Pakistan Stock Exchange during Covid-19. Journal for Social Science Archives, 2(2), 265–272. https://doi.org/10.59075/jssa.v2i2.59

Issue

Vol. 2 No. 2 (2024): Journal for Social Science Archives

Section

Articles

License

Copyright (c) 2024 Journal for Social Science Archives

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.