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Volume :14 Issue : 2 2007      Add To Cart                                                                    Download

Measuring the Efficiency of Kuwait Stock Market

Auther : Batool Q. Asiri

This study measures the behavior of stock prices in the Kuwait Stock Exchange, which is expected to follow a random walk. Random walk models such as Unit Root and Dickey-Fuller tests are used as basic stochastic tests for a non-stationarity of the daily prices for all the listed companies in the Kuwait Stock Exchange. The period of study is 1st January 2000 until 31st December 2002. The results confirmed the random walk hypothesis for all share prices and each individual sector. Other tests, such as auto correlation tests and exponential smoothing tests also supported the efficiency of the Kuwait Stock Exchange in the weak-form.

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Nov 19, 2019

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