1. Prepared by Noora Almusailem 200700066 ASSEIII Sec: 203 2012-2013
(The effect of Electronic Publication of information on the efficiency of Saudi stock market)
Prepared by
Noora Almusailem
ASSEIII Sec: 203

2. Introduction
This research is to examine the effect of the electronic publication of information on the efficiency of the Saudi stock market , as one of the most important advantages of efficient markets, is to provide information to all users, allowing equal opportunity to compete and equitable access to information for all of investors.

3. Statement of Problem
The research problem is to study the effect of publishing the electronic information and electronic dealing in Saudi stock market(TADAWUL) in 2003, on the market’s performance, and efficiency.

4. Motivation of Research
The importance of research as it will examine the benefits of the huge amounts that spent on electronic publishing programs as to provide information for users, and the effect on Saudi stock market efficiency , and in order to reach information equally and fairly to all users.

5. The research suppose the followings :
Research Hypothesis
The research suppose the followings :
Hypothesis : There is a positive effect of electronic publishing on the efficiency of the Saudi Stock Market.
Null Hypothesis : There is a negative effect of electronic publishing on the efficiency of the Saudi Stock Market.

6. Research Methodology
Methodology in this research followed the quantitative approach of methodology , as the research implemented a comparative analysis between the performance of the stock market before publishing electronic information (before year 2003) , and the performance of stocks after the publishing in Saudi Stock Market( from 2003 since 2012) .

7. Data Analysis Method
The data which collected was analyzed in a comparative way between the period before 2003 , and after 2003 , as to examine the effect of electronic information publishing and electronic deal on the performance of the Saudi stock market.

8. Summary of Findings
Based on the literature review and the practical study , the research founded that Saudi stock market was been more efficient and less risky as a result of electronic publication of information and data about the stocks movements , prices, and values .

9. Research Conclusion
Throughout the study analysis , the study accept the hypothesis of research that there is a positive effect of electronic publishing on the efficiency of the Saudi Stock Market. While the research reject the null hypothesis .

10. Research Conclusion
The study conclude the followings regarding the effect of information publication on the Saudi stock market :
Electronic Information was increased the efficiency of Saudi stock market in the shape of display these information , and the features of these information.

11. Research Conclusion
Information is a good indicator for efficiency of capital markets , it determine the strength and weakness of each market, for that it should appear in a clear, sufficient, and quick as to help investors in investing Saudi stock market.

12. Conclusions
Saudi stock market deal was increased after entering electronic information, and the values of deal also increased .

13. Recommendations Recommendation for this study is that:
information should appear in the high level of quality and transparency, as investors builds their decisions and future on that information.

14. Recommendations
Another recommendation regarding companies that listed in the Saudi stock market should contribute in publishing the information and data about their events, news, and all other information , whether they can put it in their websites or publish it on Tadawul website .

15. At End
Thanks To All..