Abstract
The world's big economies are roiled and going under a devastating threat amid the impact of the COVID-19 pandemic. No country will be safe as this virus will eventually outbreak everywhere, regardless of how countries prepare to avoid it. The economic ramification as well as the stock market crisis will be uncertain due to the extended suspension of economic activities in almost every country. No wonder, the clattered stock markets of Bangladesh which have already got the adjective of “the worst stock market in the world” because of inefficient and irrational fluctuations in previous years will experience a colossal crisis due to the pandemic. The article provides an investigation on comparable analysis of the impact on stock markets of Bangladesh, Dhaka stock exchange, and Chittagong stock exchange, before and after the pandemic situation with current market data. We also examine the potential consequence of policy interventions to the market and the investors during a pandemic.
Highlights
At this moment in time, the coronavirus Covid-19 epidemic is the prescribed global threat to mankind and the significant difficulty we have faced since World War II (Coronavirus Disease COVID-19 Pandemic | UNDP in Bangladesh, 2020)
This paper aims at focusing on the pre-2020 situation of the stock market, of both Dhaka Stock Exchange (DSE) and Chittagong stock exchange (CSE), and how it is reacting presently to the Covid-19 pandemic using the following variables: share price index, circuit breaker, interruption of trading hours, etc
The uncertainty of living due to the gravest threat of feared disease jeopardizing the world’s overall economy as well as the global stock market.In the pandemic situation, taking on nontherapeutic precautionary means, such as, travel bans, remote working, to maintain social distancing which is quite cumbersome from the perspective of Bangladesh,has driven economic depression inescapable
Summary
At this moment in time, the coronavirus Covid-19 epidemic is the prescribed global threat to mankind and the significant difficulty we have faced since World War II (Coronavirus Disease COVID-19 Pandemic | UNDP in Bangladesh, 2020) As of writing this on 9th August, Covid-19 has affected 188 countries across the world, with about 20 million confirmed cases and more than 700000 people lost their lives (“Covid-19 Pandemic,” 2020). This breakout is considered as a Public Health Emergency of international concern and officially proclaimed as a global pandemic by the World Health Organization on March 11, 2020(Statement on the Second Meeting of the International Health Regulations (2005) Emergency Committee Regarding the Outbreak of Novel Coronavirus (2019-NCoV), 2020). 103,117 crore in addition to other aid packages, DSEX dropped about 1 percent to 3960 in June. 8.2 percent GDP growth has been forecasted for the fiscal year by the government despite the bad shape of the economy (Tk 568,000 Crore Budget Unveiled; 8.2pc GDP Growth Target Set, 2020)
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