of information in the case of an emerging financial market. Conflicting results have been generated by these researches … in efficient market hypothesis (EMH), so efficiency tests in the emerging financial markets are rarely definitive in … reaching a conclusion about the existence of informational efficiency. This paper tests weak-form market efficiency of eight …

assets prices incorporate all information rationally and instantaneously. The last financial crisis has led to criticism of … information encompassing in the price of stocks, come to highlight the aspects of 'market inefficiency'. Despite its simplicity …, the EMH is surprisingly difficult to test and considerable care has to be exercised in empirical tests. It has attracted a …