Abstract
Stock price, interest rate and gold prices are crucial factors of economic growth of a country. The impacts of interest rate on stock provide important implications for monitory policy, risk management practices, financial securities valuation and government policy towards financial markets. This study seeks evidence supporting the existence of sharemarket efficiency based on the daily data from January 2008 to December 2012 and also shows empirical relationship between stock index, interest rate and gold prices.To investigate the reasons of market inefficiency, relationship between share price, interest rate and gold prices and changes of share price, changes of interest rate and changes of gold prices were determined through (OLS) regressions.For all of the companies it is found that interest rate and gold prices has significant negative relationship with share prices.
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