The Kuwait Capital Markets Authority announced that it submitted a report to the Attorney General over conduct it said met the offence in paragraph (a) of item 2 of Article 122 of Law No. 7 of 2010, citing several small purchases of Equipment shares between 9 December 2025 and 22 December 2025 that allegedly created momentum and lifted the security’s price before short positions were executed at the new price, generating material gains from illegal trades.
Kuwait Capital Markets Authority 2026-03-12
Kuwait Capital Markets Authority refers alleged Equipment share manipulation case to Attorney General
The Kuwait Capital Markets Authority has referred a case to the Attorney General alleging violations of paragraph (a) of item 2 of Article 122 of Law No. 7 of 2010. The case concerns small purchases of Equipment shares between 9 December 2025 and 22 December 2025 that allegedly created price momentum before short positions were executed at the higher price, generating material gains from illegal trades.