Almowazi Publishes “Year of Combating Economic Challenges, OTC Market 2022” Annual Report

Almowazi Publishes “Year of Combating Economic Challenges, OTC Market 2022” Annual Report

• Value of trading in unlisted shares increased by 32% to KD 224.6 million.

• Transparency and online real-time prices gained the attention of a wider range of investors and reflected in investor confidence.

KUWAIT: Kuwait’s leading data vendor for unlisted shares’ Over-the-Counter (OTC) Platform by Boursa, Almowazi, has released its Annual Report 2022 entitled “The Year of Combating Economic Challenges, OTC Market 2022”. The report details the performance of the unlisted market for the previous calendar year and highlights the trends and developments shaping the industry.

The year 2022 presented significant economic difficulties worldwide, with many companies struggling to recover from the pandemic’s aftermath. Disrupted supply chains, mounting debts, rising inflation, increased food prices, depreciating currencies, and interest rate hikes have all taken a toll on markets globally as well as the Kuwaiti economy. Despite these challenges, the Kuwait OTC Market had a fruitful year full of significant trading events.

The report highlights the increased investors’ confidence and ease of trading on the platform, resulting in an increase in OTC Platform participants to 121 companies, 43 of which are sharia law compliant in 2022. Since its establishment in November 2018, the OTC Platform has seen a 38% growth in the number of Hybrid