اختبار كفاءة سوق الأوراق المالية وفق الصيغة الضعيفة : دراسة تطبيقية على بورصة ماليزيا

Abstract EN

This paper aims to test Securities market efficiency at the weak level, by relying on daily data for the closing price of the Bursa Malaysia index KLCI during the period 01/04/2010 until 31/12/2019, which was obtained from the Wall Street Journal website, in which a set of standard tests were conducted to ensure that the time series values of this indicator follow the random walking model, the most important of these tests were, normal distribution, autocorrelation, unit root, independence, and variance ratio test, this study found time series KLCI is following the random walk model, and the Malaysian stock market is efficient at the weak level.