POST COVID-19 INFLUENCE OF OVERCONFIDENCE BIAS ON INVESTMENT DECISIONS OF PAKISTANI STOCK INVESTORS

In this study researcher analysed post Covid-19 influence of Overconfidence bias effect on investment decisions of Pakistani stock investors. Post Covid-19 Financial markets all over the World markets have changed and it affected investor decision making in number of ways. Conventional investments like keeping money in Banks, buying Fix term deposit, buying Prize bonds or gold bars is now outdated in current scenario. Investor now invests more wisely than before Covid-19 they prefer to encash those stock markets which sinked during Covid-19 pandemic and try to capitalize the opportunity of higher returns now when these markets are gaining momentum again. Pakistani stock market is one of those gaining momentum market where now only local but foreign investors are investing and buying shares due to overconfidence bias effect and it has raised the KSE-100 index from 33000 to 42023 from March to September2020. Researcher made an attempt to address post Covid-19 influence of overconfidence effect bias on investment decision of Pakistani stock investors by taking Overconfidence effect bias along with its sub variables as an independent variable and investment decision of these investors as dependent variable and evaluated the impact of both variables pre and post Covid-19 Pakistan stock market performance.