دور المشتقات المالية في كفاءة السوق المالي : دراسة تطبيقية على سوق ناسداك دبي المالي للمدة من 2 1 2018 و لغاية 30 4 2018

Abstract EN

The objective of the research is to identify the financial derivatives instruments traded on the NASDAQ Dubai market and to determine whether the NASDAQ Dubai market is efficient or inefficient at the weak level of efficiency, and thus determine the role of derivatives in the efficiency of the financial market and, to achieve the objectives of the research and testing the hypotheses, The researcher depended on the daily closing prices for a sample of futures contracts for the period from 2/1/2019 until 30/4/2019 and the daily closing price of NASDAQ Dubai Financial Market Index (FTSE) for the same period to determine the daily returns of derivatives and the market index adopted in financial analysis during the research period, and the research reached a number of conclusions, the most important of which is that NASDAQ Dubai market is efficient at the weak level of efficiency and that derivatives have an important role in the efficiency of the financial market, and in light of the conclusions reached a set of recommendations, the most important of which is necessity of using the financial derivatives from investors as a hedging instrument more of using it as a speculating instrument.