PRESSR: Markaz Market Maker Desk solidifies leadership with strong 2024 performance

About this update from Boursa Kuwait Securities Company (k.p.s.c)

Kuwait: Kuwait Financial Centre “Markaz” has reinforced its financial market leadership through the exceptional performance of its Market Maker Desk in 2024. The desk successfully traded KD 762 million, accounting for 33.4%, on average, of the total trading value within the market maker portfolio, and representing 5.1% of the total market trading value on Boursa Kuwait. These results highlight Markaz’s expertise in market making and its ability to drive liquidity, enhance market efficiency, and create tangible value for a diverse range of blue chip and small-sized companies. With a diversified portfolio encompassing 15 listed companies across various sectors, Markaz continues to lead among Kuwait’s largest market makers.Throughout 2024, Markaz played a leading role in maintaining or securing Premier Market positions for 10 listed companies in Kuwait. Two additional companies, Combined Group Contracting Co. and Al Eid Food Co., also entered the watchlist for Premier Market eligibility. These achievements demonstrate the effectiveness of Markaz’s market-making strategies in strengthening the market positioning of its portfolio companies.Backed by deep sectoral expertise and advanced trading infrastructure, Markaz is one of the largest market-making desks in Kuwait. The company continues to lead in providing financial solutions that enhance stability, price discovery, and overall trading activity. Markaz was also among the first financial institutions in Kuwait to obtain a Market Maker license from the Capital Markets Authority (CMA), reflecting its commitment to fostering a well-functioning and liquid financial market. The company’s approach to market making is rooted in a data-driven strategy that ensures listed companies meet liquidity requirements for Premier Market status while simultaneously contributing to a dynamic and efficient trading environment.Mr. Azzam B. Al-Otaibi, Assistant Vice President, MENA Equities at Markaz said: “We are proud to be among the first financial institutions to obtain a Market Maker license from Kuwait’s Capital Market Authority (CMA). Today, our market maker portfolio comprises of a diverse set of 15 companies across different segments of Boursa Kuwait, 10 of which are listed on the Premier Market. Over the past year, we have played a key role in supporting consistent trading activity and enhancing overall trading efficien...

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