OTC trades 16.15 mln shares last week

KUWAIT, Trades on Over the Counter (OTC) platform saw a rise of 16.15 million shares last week, with a value of KD 583,800 (around USD 1.9 million) through 29 transactions.

According to a report released by Al-Mowazi Company on Sunday, the immediate trades’ screen was positive at 1.09 million shares worth KD 39,300 (around USD 133,600) through 21 deals.

Private trading reached 15.06 million shares worth about KD 544,400 (around USD 1.8 million) through eight deals, the report indicated.

OTC was established to serve investors looking to trade in unlisted securities, with a focus on creating a new, credible and transparent investment system.

Source: Kuwait News Agency