Abstract

This study seeks to know, highlight and test the efficiency at the weak level using the daily closing price of the industrial sector companies listed in the Iraq Stock Exchange. The hypothesis of normal distribution and random walking was tested using stability tests for time series, during the period from 1/1/2019 to 31/12/2020, through several statistical tests using (Eviews & SPSS) programs such as (Kolmogorov-Smirnov test, and Shapiro-Wilk, Modified Unit Root Dickey-Fuller Test. The results of all tests showed the inefficiency of the Iraqi stock market at a weak level, which means that the market gives an opportunity to achieve extraordinary profits by relying on historical prices to predict future prices.

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The article was added to IASJ on 2022-01-17

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