Testing the Bank Sector at Weak Form Efficiency in Iraq Stock Exchange for Period (2004-2014): An empirical Study
Volume 10, Issue 37, Pages 57-80
AbstractThis paper aims to examine the weak-form of efficiency of Iraq stock exchange (ISX) for all individual banks which are listed in the stock market using monthly closing price for ten years (2004-2014). The current study proposed the hypothesis which investigated utilizing parametric and nonparametric tests, all tests results revealed that all individual banks are inefficient at the weak-form. As results, this study concluded that the bank’s stock price which listed in the Iraq stock exchange does not reflect all the historical information and abnormal profits opportunity can be exploited by using the past stock prices to predict the future stock prices.
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