As of the time of writing this there has been MTC trading worth KD 1,710,000,000. This is an unprecedented amount of trading for the entire Kuwait Stock Exchange ever and the market has not closed yet. The real surprise however is that no one has any clue what is going on?! Everyone is speculating.. Shares being sold to Emarati investors.. Saudi investors.. It's anyone's guess..
Why is the market silent on this?! This is a record trading volume, yet the investment community is left in the dark. It seems large shareholders of MTC and Wataniya before that have gotten into the habit of making big deals while leaving other shareholders behind with the blessing and silence of Kuwait Stock Exchange authorities! When will this come to an end?!