Tharwa Investment Company has reported that it accounted for 47.4% of the market's trading during the first quarter of this year. The company stated that it currently operates as a market maker for a total of 17 companies, with 10 of them listed in the Main Market and 7 in the Premium Market.
Furthermore, Tharwa Investment highlighted that the monthly trading volume in January was the highest among the first six months of its tenure as a market maker. The company expressed its aspirations to collaborate with a number of companies across various sectors in the upcoming period to benefit both the market and traders.
Being a market maker plays a significant role in qualifying companies to be included in global indices. Tharwa Investment Company maintains a substantial market share among the providers of market maker services on Boursa Kuwait. It has contracts with a notable percentage of listed companies, representing 22% of the companies listed on the Premium Market and 8% of those listed on the Main Market. It is expected that more listed companies will seek to appoint a market maker for their shares due to increased demand.
The market maker's involvement is crucial in qualifying companies to be included in global indices, facilitating the transition of companies from the Main Market to the Premium Market, and maintaining liquidity for their shares. This presence has restored confidence in the shares of certain companies, leading to increased liquidity flows.
The market maker operates through agreements with companies licensed by the Capital Markets Authority (CMA). These agreements involve entering orders and conducting buy and sell transactions to create liquidity for the specific shares.