تحليل الكفاءة السعرية لسوق الجزائر للأوراق المالية عند المستوى الضعيف

Abstract EN

This study aims to test the hypothesis of the efficiency of Algerian stock exchange at the weak level, through the test followed the assuption of random walk, using statistical test: ADF and Pillips-Perron during the period from 01-01-2016 till 30-06-2018.

Where the study found that the Algerian stock exchange not follow random wallk, stability the movement the price of its stock and its do not respond to the high degree of information contained in the market, which explains inefficiency of the Algerian stock excange at weak level.