Study the random walking of the ISX60 market index For the Iraq Stock Exchange

Authors

  • Sadik jafar Al-Attabi, Assis. Lec. Al-Furat Al-Awsat Technical University Technical Institute of Diwaniyah
  • Siham Jabbar Mezher, Assis. Lec. Al-Furat Al-Awsat Technical University Technical Institute of Diwaniyah
  • Salim Sallal AL-Hisnawi, Assist. Prof. Dr. Administration and Economics College –AL-Qadisiya University

DOI:

https://doi.org/10.34093/jafs.v14i46.395

Keywords:

Random Walking, Iraq Stock Exchange, Serial Correlation Test, Runs Test, Variance Ratio Test, Rescaled Range Test, possibility, stock market

Abstract

This paper aimed to test random walking through the ISX60 market index for the ability to judge market efficiency at a weak level. The study used Serial Correlation Test, the Runs Test, the Variance Ratio Test, as well as the Rescaled Range Test.The population of the study represents of Iraq Stock Exchange. The study concluded accepting the hypothesis of the study that the returns of the ISX60 market index in the Iraqi market for securities does not follow the random walking in general and as a result the Iraq market for securities is inefficient within the weak level of efficiency and the study recommended need a supervisors work in the Iraqi market for securities to activate all means a which will work to communication with information to all investors and thus raise the efficiency of the Iraqi market for securities in order to the avoid of achieving unusual returns by some investors.

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Published

2019-03-01

Issue

Section

Paper research

How to Cite

Study the random walking of the ISX60 market index For the Iraq Stock Exchange. (2019). Journal of Accounting and Financial Studies ( JAFS ), 14(46), 109-118. https://doi.org/10.34093/jafs.v14i46.395