CMA considers opening Nomu to all traders: Report

31/01/2023 Argaam
Mohammed Elkuwaiz, Chairman of Capital Market Authority

Mohammed Elkuwaiz, Chairman of Capital Market Authority


Saudi Arabia is studying the possibility of opening the Nomu-Parallel Market to all traders, Rotana Khalejia reported, citing the Capital Market Authority (CMA) Chairman Mohammed Elkuwaiz. 

 

Trading on Nomu was confined to certain categories to eliminate competition with the Main Market as well as ease the listing requirements. 

 

Read also: No decision to change fluctuation limits, says CMA Chairman

 

A roadmap is under study to open Nomu to all traders. The idea was raised last year, but was later shelved on strong liquidity. An evaluation will be conducted to eventually open the market to traders, even in stages,” Elkuwaiz concluded. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.