Tuesday, April 23, 2024
HomeBusinessAlmowazi Publishes “12 months of Preventing Financial Demanding situations, OTC Marketplace 2022”...

Almowazi Publishes “12 months of Preventing Financial Demanding situations, OTC Marketplace 2022” Annual Document

• Price of buying and selling in unlisted stocks larger through 32% to KD 224.6 million.

• Transparency and on-line real-time costs received the eye of a much broader vary of buyers and mirrored in investor self assurance.

KUWAIT: Kuwait’s main knowledge dealer for unlisted stocks’ Over-the-Counter (OTC) Platform through Boursa, Almowazi, has launched its Annual Document 2022 entitled “The 12 months of Preventing Financial Demanding situations, OTC Marketplace 2022”. The record main points the efficiency of the unlisted marketplace for the former calendar 12 months and highlights the tendencies and trends shaping the business.

The 12 months 2022 offered vital financial difficulties international, with many firms suffering to get well from the pandemic’s aftermath. Disrupted provide chains, mounting money owed, emerging inflation, larger meals costs, depreciating currencies, and rate of interest hikes have all taken a toll on markets globally in addition to the Kuwaiti economic system. Regardless of those demanding situations, the Kuwait OTC Marketplace had a fruitful 12 months filled with vital buying and selling occasions.

The record highlights the larger buyers’ self assurance and straightforwardness of buying and selling at the platform, leading to an build up in OTC Platform members to 121 firms, 43 of which might be sharia regulation compliant in 2022. Since its status quo in November 2018, the OTC Platform has observed a 38% enlargement within the choice of Hybrid firms.

Almowazi CEO Muhannad Al-Sane In comparison to 2021, the OTC Marketplace’s efficiency had sure enlargement when it comes to price traded, attaining KD 224.6 million, representing a 32% build up from the former 12 months. In 2022, 4.53 billion stocks in 347 unlisted firms had been traded in 5,518 offers, with the Conserving and Services and products sectors main the OTC marketplace buying and selling.
The record signifies a promising outlook for 2023, with larger consciousness of the platform and extra handy, clear buying and selling for buyers in the hunt for funding alternatives, investment assets, and go out methods throughout more than one sectors. Moreover, the amount of inventory buying and selling in unlisted firms is predicted to observe the principle marketplace’s sentiment when it comes to tempo and tendencies.

As Kuwaiti companies proceed to confront crucial financial demanding situations, Almowazi’s Annual Document serves as crucial indication of the OTC Marketplace’s tough efficiency and its crucial position in supporting the economic system’s enlargement.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments