اختبار كفاءة سوق العراق للأوراق المالية للفترة (2010-2014)‎ : دراسة تطبيقية

Abstract EN

This study attempt to know the existence of weak form efficiency in the Iraq stock exchange by using daily closing prices for the period (4/1/2010-7/1/2014), the normality and random walk hypothesis tested using the (Kolmogorov-Smirnov test, Shapiro-Wilk test, Cramer-Von Mises, Watson test, Anderson-Darling test, Augmented Dickey Fuller test, Phillips-Perron test, Run test and Autocorrelation test), all the tests results showed that the Iraq stock exchange is not efficient at the weak form, which mean that the market give the opportunity to get abnormal profits based on historical prices to predict future prices.