TY - JOUR AU - Hassan, Khalil Gh. AU - Sabah, Wafaa PY - 2019/10/18 Y2 - 2024/03/29 TI - Measuring the Impact of Some Macroeconomic Variables on the Stock Price Index in the Iraq Stock Exchange for the period (2006-2015) JF - Academic Journal of Nawroz University JA - ACAD J NAWROZ UNIV VL - 8 IS - 4 SE - Articles DO - 10.25007/ajnu.v8n4a441 UR - https://journals.nawroz.edu.krd/index.php/ajnu/article/view/441 SP - 93-106 AB - <p>This study aims at measuring the impact of some macroeconomic variables on stock prices index in the Iraqi Stock Exchange (ISX) for the monthly data from January 2006 to December 2015 based on (121) observations using the ARDL model. Results indicated that the stock price index of Iraq Stock Exchange (ISX) and macroeconomic variables are co-integrated and a long-run relationship exists between them. The long-run coefficients suggested that the consumer price index (CPI) and money supply (M2) had a negative effect while the Interest-Rate-Current Account (Over Draft)&nbsp; (DR) had a positive effect on the stock prices index. However, the variable exchange rate (EX) did not show significant effect on the stock prices index</p> ER -