THE ROLE OF ECONOMIC FACTORS IN STOCK PRICES OF THE IRAQ STOCK EXCHANGE-THE BANKING SECTOR, AND FOR THE PERIOD 2015-2021

Abstract

The research aims to analyze the relationship between the economic policies of banks and the development of cash on the fluctuations of stock prices in the Iraqi markets and for the period (2015-2021). The research problem centers on knowing the causal relationship of economic factors in stock prices in the Iraqi stock market, to understand the impact of economic factors: the research helps in To understand how factors such as the exchange rate, savings, and money supply affect the stock prices of securities, researchers relied on the descriptive and quantitative analysis approach to demonstrate the causal relationship between the economic factors (exchange rate, savings, and money supply) and the dependent variable, stock prices, the Iraqi Stock Exchange, Using monthly time series data during the period (2015 - 2021), where the research relies on the standard approach of applying modern techniques in economic measurement to estimate the relationships in question, and then estimating the model using least squares (OLS) methods and the autoregressive (ARDL) model. For the lagging gaps, the most prominent finding was that there is a causal relationship between the exchange rate of the Iraqi dinar and saving at the level of significance (0.010) on the one hand, and saving affects the exchange rate at the level of significance (0.05) on the other hand.