Media ININ Economy We Trust
Media IN Kuwait May, 26, 2019 KUNA
Kuwait over the counter market (OTC) witnessed an increase in trading volume last week, with 15.5 million shares changing hands.
shares traded went through 17 transactions worth KD 458,500 (around USD 1.5 million).
OTC report, issued on Sunday, indicated that immediate transactions had a positive performance, with trading reaching 284,300 shares at a value of KD 9,300 (around USD 31,600) done through five transactions.
As for private transactions, 15.2 million shares exchanged hands, valued at KD 449,200 (around USD 1.5 million) through 12 transactions.
Boursa Kuwait had launched OTC as a new trading platform for those companies that are not listed in the bourse.
OTC transactions are carried out through licensed brokerage offices working under Capital Markets Authority bylaws and Boursa Kuwait regulations.
The fresh market aims to create a transparent environment by bringing buyers and sellers together using fully supervised mechanisms. The trading platform adopts the clearing and settlement procedures.
