Abstract

The efficient market is the market that may achieve on efficient allocation to the
available resources which ensure the direction of the in more profitable aspects.
In order to realize the efficient allocation of available financial sources, two
criteria should be targeted as follows; efficient pricing and operating efficiency.
This study aims to measure the efficiency of the Damascus financial stock
markets. This can be achieved through the estimation of market indicators samples of
stock prices movement daily related to the whole listed companies. was to extract data
were collected in time intervals between (22/6/2010 and 12/3/2012). it is worth noted
that Damascus financial Stock Market is currently consisted of 5 main sectors
represented by the listed companies; these one (services, industry, banking,
endurances, agricultures. The companies are distributed in other private sectors,
significant difference (sig=0<s%). Thus, we say that the movement indicator is not
random, it is concluded that market meets no standards of efficiency.
The amended coefficient of determination has reached to (99.5%) which is near to
(100%) ,so the deficit similarity of market indicator. As we see that the highest value
between previous analyses.(sig=0<5%). The significant sample constitutes the relation
between the media of industry & market indicator.