Testing Weak-Form Efficiency of Khartoum Stock Exchange Market

Abstract

Market efficiency has influence on the investment strategy  of investors because if a market is inefficient there is always  chances for some to gain from information advantage to pickup the winners.

In this paper a number of statistical tests have been 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.