It is quite difficult to hold people in quarantine in this outbreak. This disease is contagious even before it shows obvious symptoms. Coronavirus has pushed the markets toward the danger zone. Dealing with this pandemic is the most challenging task being faced by human beings since the Second World War ( Maqsood et al., 2021). The world is experiencing the worst health and economic disaster in the shape of COVID-19 pandemic. Irrespective of all these destructive effects of the pandemic, still hopes are there for a sharp rise and speedy improvement in global stock markets' performance. It has also elaborated on the pandemic impact on diverse pillars of the economy. It has focused on the contingent effects of previous and current pandemics on the financial markets. The current research deals with the impact of the COVID-19 pandemic on the global stock markets. The majority of the world stock markets have suffered losses in the trillions of dollars, and international financial institutions were forced to reduce their forecasted growth for 2020 and the years to come. The COVID-19 outbreak has disturbed the victims' economic conditions and posed a significant threat to economies worldwide and their respective financial markets. 2Department of Management Sciences, National University of Modern Languages, Islamabad, Pakistan.1Department of Management Sciences, Lahore College for Women University, Lahore, Pakistan.Shaista Jabeen 1, Muhammad Farhan 2 *, Muhammad Ahmad Zaka 2, Muhammad Fiaz 1 and Mobina Farasat 1
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