The Effect of Financial and Non-Financial Information on Stock Prices: A Comparative Study of the Egyptian and Dubai Stock Markets

Abstract

This research aimed at discovering the affect of financial and non-financial information on the stock prices. May empirical researches have reached the conclusion that the efficiency of SEC depends on both of these kinds of information. The researcher have conducted on empirical research in which he compared between the Egyptian financial market and the financial market at Dubai the researcher have got at there is a significant correlation relationship between the financial information and the non-financial information, and he concluded that the results were similar on respect of the hypothesis tested and there was a results that the effect of the non-financial information on the stock price is greater than the effect of the financial information and this results was supported by the decrease in the stock price of total mostafa co. By the rate of 15%, in spite of the high profit that the corporation have earned because the sentence have issued against the chairman of the co. 25/6/2009.

This indicates that the firms mast give great imporfance to disclousre about the financial and non-financial information.