THE EFFECT OF SOME INDICATORS OF THE IRAQ STOCK EXCHANGE ON DETERMINING THE SHARE PRICE OF A SAMPLE OF IRAQI COMMERCIAL BANKS

Abstract

Since the fundamental metric for assessing these banks is based on how well the indicators work, it is important to comprehend how the Iraqi Stock Exchange's indicators affect the stock price of commercial banks. To establish a strategy for growth that would raise the stock price of the banks themselves and boost shareholder earnings, it is also essential to comprehend the most notable indications. In order to respond to the query, the core research challenge emerged.: How do the indicators of the Iraqi Stock Exchange influence the determination of the stock price? And this demonstrates the more noticeable effect. Quantifying the impact of several Iraqi Stock Exchange indicators, including trading volume, number of contracts, and number of shares, on the stock prices of a sample of Iraqi commercial banks is the primary objective of the study. The following primary hypothesis was applied in order to achieve the study's objective.: The number of shares will have an inverse relationship with the stock price, whereas the two indicators—trading volume and contract count—will have a direct impact. The statistical program Eviews was used to analyze quarterly data for the 2018–2023 timeframe using the Panel ARDL model. The findings demonstrated the long-term significance of both indicators, trading volume and share count. However, the variable of the number of contracts did not significantly impact the stock price.