Testing Efficiency Performance of an Underdeveloped Stock Market

Ibrahim Onour

MPRA Paper from University Library of Munich, Germany

Abstract: Market inefficiency has influence on resource allocation, as price signals tend systematically understate or overstate the effects of information transmitted to the trading parties in the market. In this paper a number of statistical tests employed to assess the weak-form efficiency of Khartoum Stock Exchange (KSE) market. The finding of the paper indicates the inefficiency hypothesis cannot be rejected

Keywords: efficiency; unit root; volatility (search for similar items in EconPapers)
JEL-codes: C10 C22 G12 (search for similar items in EconPapers)
Date: 2007-07-25
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:15020

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