The Capital Markets Authority announced on Thursday that it has filed two complaints with the Public Prosecutor over influencing the trading of shares of Automated Systems and Aqar Real Estate Investments on Boursa Kuwait.
The first complaint concerns practices in Automated Systems shares between April 15 and October 18, 2026. They consisted of repeatedly and daily strengthening the demand side of the order book at levels above actual demand, with most of those orders not executed. They also included purchases at prices above selling prices and matched trades between the parties concerned, which increased momentum in the stock, attracted traders to buy it and contributed mainly to its rise to high price levels.
The second complaint concerns Aqar Real Estate Investments shares, with the practices taking place over three periods: June 28 to 30, July 8 to 12, and July 26 to August 11, 2026. They included matched trades between the parties and the entry of large quantities of buy orders that were not intended for execution and were mostly cancelled, while one or more parties executed sell trades, as well as trades that raised the share price and created new prices.
The Authority said these practices would give traders a misleading impression of actual supply and demand levels and encourage them to buy the shares, allowing the parties to sell at better price levels and to benefit from illegal trading.
The two complaints were based on Article 122 of Law No. 7 of 2010 on the establishment of the Capital Markets Authority and the regulation of securities activity, as amended.
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