This research work targets to scrutinize the effect of using monetary policy related tools on the return of private banks stocks admitted in stock exchange with stress on the volume of liquidity, the rate of interest, and the amount of partnership bonds. The objective is to investigate the simultaneous effects of independent and control variables on dependent variables. Using panel data, testing the research hypotheses has been carried out through an analysis of multiple-regression. Generally, the results shown that there was a weak significant correlation between volume of liquidity and the amount of published partnership bonds and the return of the stocks of private banks admitted in stock market; meanwhile, the interest rate at an assurance level of 95% had a negative and significant correlation with the return of the stocks of private banks admitted in stock exchange.
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