Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia
We examine the weak-form efficient market hypothesis (EMH) for the selected Shariah-compliant finance stocks from the Kuala Lumpur Stock Exchange (KLSE) from 1/17/92 to 8/26/2022. Based on the ADF and artificial neural network (ANN) unit root tests, our results suggest that all three Shariah-complia...
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| Format: | Conference or Workshop Item |
| Language: | en en |
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2022
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| Online Access: | https://eprints.ums.edu.my/id/eprint/38464/2/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/38464/1/FULLTEXT.pdf https://eprints.ums.edu.my/id/eprint/38464/ https://ieeexplore.ieee.org/document/9940111 |
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| _version_ | 1831796040613756928 |
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| author | Qaiser Munir Sook, Ching Kok |
| author_facet | Qaiser Munir Sook, Ching Kok |
| author_sort | Qaiser Munir |
| building | UMS Library |
| collection | Institutional Repository |
| content_provider | Universiti Malaysia Sabah |
| content_source | UMS Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | We examine the weak-form efficient market hypothesis (EMH) for the selected Shariah-compliant finance stocks from the Kuala Lumpur Stock Exchange (KLSE) from 1/17/92 to 8/26/2022. Based on the ADF and artificial neural network (ANN) unit root tests, our results suggest that all three Shariah-compliant stocks are efficient before the COVID-19 period. Our results of ANN test suggest that BURSA and BIMB are inefficient during the COVID-19 period. These results have some notable policy implications. |
| format | Conference or Workshop Item |
| id | my.ums.eprints-38464 |
| institution | Universiti Malaysia Sabah |
| language | en en |
| publishDate | 2022 |
| record_format | eprints |
| spelling | my.ums.eprints-384642024-04-23T06:48:18Z https://eprints.ums.edu.my/id/eprint/38464/ Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia Qaiser Munir Sook, Ching Kok HG4551-4598 Stock exchanges We examine the weak-form efficient market hypothesis (EMH) for the selected Shariah-compliant finance stocks from the Kuala Lumpur Stock Exchange (KLSE) from 1/17/92 to 8/26/2022. Based on the ADF and artificial neural network (ANN) unit root tests, our results suggest that all three Shariah-compliant stocks are efficient before the COVID-19 period. Our results of ANN test suggest that BURSA and BIMB are inefficient during the COVID-19 period. These results have some notable policy implications. 2022 Conference or Workshop Item PeerReviewed text en https://eprints.ums.edu.my/id/eprint/38464/2/ABSTRACT.pdf text en https://eprints.ums.edu.my/id/eprint/38464/1/FULLTEXT.pdf Qaiser Munir and Sook, Ching Kok (2022) Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia. In: 2022 International Conference on Sustainable Islamic Business and Finance (SIBF), 11-12 October 2022, Sakhir, Bahrain. https://ieeexplore.ieee.org/document/9940111 |
| spellingShingle | HG4551-4598 Stock exchanges Qaiser Munir Sook, Ching Kok Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title | Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title_full | Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title_fullStr | Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title_full_unstemmed | Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title_short | Weak-form efficiency of shariah-compliant finance stocks: Evidence from KLSE of Malaysia |
| title_sort | weak-form efficiency of shariah-compliant finance stocks: evidence from klse of malaysia |
| topic | HG4551-4598 Stock exchanges |
| url | https://eprints.ums.edu.my/id/eprint/38464/2/ABSTRACT.pdf https://eprints.ums.edu.my/id/eprint/38464/1/FULLTEXT.pdf https://eprints.ums.edu.my/id/eprint/38464/ https://ieeexplore.ieee.org/document/9940111 |
| url_provider | http://eprints.ums.edu.my/ |