Today on (Jun 3, 2023) in the presence of the vice president for scientific affairs Assist Prof. (Dr. Bayar Mohammad Rasheed) also in the presence of the head of departments and lecturer a symposium entitled (Regional Stock Markets Efficiency at Weak Form), was presented by (Assist Prof. Dr. Zeravan Abdulmuhssen Asaad) the President of Cihan University - Duhok, Where it has been explained about the study objective is to decide whether the Arab Federation of Exchanges (S&P AFE 40 Index) is efficient at weak-form based on randomly distributed by using several statistical parametric and nonparametric tests for daily data after the Covid-19 vaccination program over the period from 31 March 2020 to 31 March 2023, the results of all tests indicated that the market index is non-efficient at the weak-form, and concluded that the investors can analyze the Arab Federation of Exchanges past stock prices and other historical data as opportunities to predict future stock prices and then earn unusual profits. At the end of the seminar, a set of questions and answers were asked regarding this topic, a set of questions and answers were raised on this subject