OTC trading registers positive performance at start of the week

Media IN KUWAIT, May , 19 2019 KUNA

OTC report, issued on Sunday, indicated that immediate transactions had a positive performance, with trading reaching 301,300 shares, at a value of KD 6,020 (around USD 19,800) done 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 mechanism. The trading platform adopts the clearing and settlement procedures.