Markaz expands Market Maker portfolio to include stocks of 9 companies

Markaz expands Market Maker portfolio to include stocks of 9 companies

Kuwait: Kuwait Financial Centre “Markaz” announced the expansion of its Market Maker portfolio with the addition of two new companies, Arzan Financial Group for Financing and Investment and Al Ahli Bank of Kuwait, reaching a total of nine companies benefiting from Markaz’s Market Maker services. These two new additions further solidify clients’ trust in Markaz as a credible Kuwaiti financial institution and its commitment to supporting the development of the Kuwaiti capital market.

The other seven company’s benefiting from Markaz’s Market Maker services to date include Boursa Kuwait Securities Company, Al Eid Food Co., Gulf Cable and Electrical Industries Company, Kuwait Real Estate Co., Combined Group Contracting co., Land United Real Estate Company and Rasiyat Holding Company.

Markaz’s role as a market maker will support Arzan Financial Group for Financing and Investment, and Al Ahli Bank of Kuwait in increasing trading volume on the companies’ shares and reinforce liquidity, and in turn, contribute to their growth and stability. Markaz will play a role in working towards creating a fair balance between bids and asks.

Moreover, Markaz’s market making services for its portfolio of clients contributed to 31% of total trades in the exchange for the third quarter of 2022, with a 99% recorded