Evaluating the Weak– Form Efficiency of Palestine Stock Market

Authors

  • د.مروان جمعة درويش

Keywords:

Palestine Stock Market, Weak– form efficiency, infrequent (thin) trading, Unit Foot test, Variance Ratio test.

Abstract

Abstract:

This study aims at testing the weak form efficiency for Palestine Stock

Market, using daily returns (observed and corrected for infrequent (thin)

trading) for Al- Quds Index over the period 1997 - 2008, and five represented

sectors indexes over the period 2006 - 2008.By applying four tests, namely:

Auto correlation, Runs, Unit Root, and Variance Ratio tests, the empirical

results, in general, rejected the null hypothesis of weak form market efficiency

for the market, due to its inherent characteristics, such as low liquidity and

infrequent (thin) trading.These results are not different from the results of the

studies which have been conducted in most of the newly formed markets.

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Published

2017-07-08

How to Cite

درويش د. ج. (2017). Evaluating the Weak– Form Efficiency of Palestine Stock Market. Journal of Al-Quds Open University for Humanities and Social Studies, 2(23). Retrieved from https://journals.qou.edu/index.php/jrresstudy/article/view/1138

Issue

Vol. 2 No. 23 (2011): العدد الثالث والعشرون، المجلد الثاني، رجب 1432ه/ حزيران 2011م

Section

Research Papers

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