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Iraq Stock Exchange Performance Determinants: A literature review

Author

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  • Bayar Marane

    (Cihan University - Duhok)

Abstract

Financial markets have a significant role in economic development; Iraq's stock exchange trades and mobilize financial resources as the only stock market operating in Iraq. All statistics indicate the progress of the Iraq stock exchange compared to the previous period, especially before the lockdown due to covid in (2019). However, the Iraqi stock exchange capitalization still did not get to one percent of the total capitalization of the entire Arab financial markets. Furthermore, past studies' results concluded that there is still no consistent or inconclusive relationship between the macroeconomics variables and the Iraq stock exchange performance. Therefore, Iraq is still a solid context to explore the linkage between these variables, mainly due to Iraq's economy as one of the economies having substantial oil reserves in the MENA region. Also, the Iraq stock exchange needs to activate all ways to make the information available or access information by all investors to make the Iraqi stock exchange efficient to prevent the possibility of achieving abnormal profits by some investors.

Suggested Citation

  • Bayar Marane, 2022. "Iraq Stock Exchange Performance Determinants: A literature review," Technium Social Sciences Journal, Technium Science, vol. 31(1), pages 397-407, May.
    • Handle: RePEc:tec:journl:v:31:y:2022:i:1:p:397-407
    DOI: 10.47577/tssj.v31i1.6368
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    References listed on IDEAS

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    1. Kaehler Juergen & Weber Christoph S. & Aref Haider Salahal-Din, 2014. "The Iraqi Stock Market: Development and Determinants," Review of Middle East Economics and Finance, De Gruyter, vol. 10(2), pages 151-175, August.
    2. Fama, Eugene F, 1970. "Efficient Capital Markets: A Review of Theory and Empirical Work," Journal of Finance, American Finance Association, vol. 25(2), pages 383-417, May.
    3. Zeravan Abdulmuhsen Asaad, 2021. "Oil Price, Gold Price, Exchange Rate and Stock Market in Iraq Pre-During COVID19 Outbreak: An ARDL Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 11(5), pages 562-571.
    4. Zeravan Abdulmuhsen Asaad & Bayar MohamedRasheed Marane, 2020. "The Influence of Human Development, Institutional Quality and ISIS Emergence on Foreign Direct Investment in Iraq," Technium Social Sciences Journal, Technium Science, vol. 10(1), pages 318-332, August.
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    More about this item

    Keywords

    Iraq; macroeconomics; market efficiency; stock price index;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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