OTC trades 5.2 mln shares last week

KUWAIT, Trades on Over the Counter (OTC) platform went down last week, standing at 5.2 million shares, with a value of KD 229.300 (around USD 755.300) through 32 transactions.

According to a report released by Al-Mowazi Company on Sunday, the immediate trades’ screen was negative at 347,300 shares worth KD 6,348 (around USD 20,900) through 21 deals.

Private trading reached 4.9 million shares worth about KD 223 (around USD 734,900) through 11 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