Random movement of prices and the level of efficiency in the stock market Case study of the Tunisian stock market

Abstract

This study aims to analyze the random movement of prices and the level of efficiency in the stock market, by testing the level of efficiency of the Tunisian stock market by analyzing the movement pattern of monthly index prices during the period 2013-2020, by using the tests of normal distribution, unit root and stability.

It was concluded through this research that the prices are going randomly, which means that the Tunis Stock Exchange is efficient at the weak level.