OTC trades 40.2 mln shares last week

KUWAIT, Trades on Over the Counter (OTC) platform saw a rise of 40.2 million shares last week, with a value of KD 2.47 million (around USD 8.39 million) through 42 transactions.

According to a report released by Al-Mowazi Company on Sunday, the immediate trades’ screen was positive at 580,300 shares worth KD 25,500 (around USD 86,700) through 23 deals.

Private trading reached 39.7 million shares worth about KD 2.45 million (around USD 8.33 million) through 19 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