Kuwait Business: Markaz appointed Market Maker for two companies – Gulf Digital News

Kuwait Business: Markaz appointed Market Maker for two companies – Gulf Digital News

Reinforcing its reputation as a trusted institution in the bourse, Kuwait Financial Centre ‘Markaz’ has been appointed as a Market Maker for the shares of Land United Real Estate Company and Gulf Cable and Electrical Industries Company. 

 

Markaz will provide its specialised market making services to boost the trading of the two companies’ shares on Boursa Kuwait. 

 

In its role as a Market Maker, Markaz will support Land and Gulf Cable and Electrical Industries in increasing the volume of trading on their shares and boosting liquidity, thereby contributing to their growth and stability in the market. 

 

It will facilitate the buying and selling of the two companies’ shares by investors and traders through increasing their access to trading opportunities by continuously quoting the competitive prices and providing liquidity. Markaz also seeks to create the much-needed balance, in the case where there is a high supply of shares and low demand, and vice versa.

 

Commenting on the announcement,  Azzam Al-Otaibi, Assistant Manager, Mena Equities at Markaz, stated: “We are pleased that Markaz has been designated to provide market making services for Land and Gulf Cable and Electrical Industries. This appointment reflects the trust of the market in Markaz’s capabilities as a Market Maker with a