NomuC closes 2024 up 28%, trading value rises 74%

01/01/2025 Argaam Special
Nomu trading screen

Nomu trading screen


The Parallel Market Capped Index (NomuC) closed 2024 up by 28%, or 6,947 points, to 31,476 points, compared to 24,529 points in 2023.

 

Trading of shares listed on the Nomu-Parallel Market is limited to categories of qualified investors in accordance with the Parallel Market Listing Rules.

 

In 2024, Nomu witnessed the transition of three companies, namely, Shatirah House Restaurant Co. (BURGERIZZR), Jahez International Company for Information System Technology and Banan Real Estate Co. to the main market after fulfilling the regulatory requirements.

 

Last year also saw the listing of 30 companies on Nomu through initial public offerings (IPOs) and three others by direct listing.

 

Performance of Nomu-Parallel Market Since Launch

Year

Open

(points)

Close

(points)

Change

(points)

Change

(%)

2017

5000*

3140

(1,860)

(37%)

2018

3140

2521

(619)

(20%)

2019

2521

7440

4,919+

+195%

2020**

7179

26245

19,066+

+266%

2021

26245

25976

(269)

(1%)

2022

25976

19417

(6,559)

(25%)

2023

19417

24529

+5,112

+26%

2024

24529

31476

6947+

+28%

*Basis points (bps)

**NomuC open and close

 

The Index Monthly Performance

 

NomuC index recorded a positive performance in eight months. Meanwhile, the gauge reported a negative performance in four months.

 

NomuC Monthly Performance in 2024

Month

Close

Change

(points)

Monthly Change

January

24987

+458

+2%

February

26403

+1416

+6%

March

26030

(373)

(1%)

April*

26336

+306

+1%

May

26611

+275

+1%

June*

26146

(465)

(2%)

July

26651

+505

+2%

August

26161

(490)

(2%)

September

25443

(718)

(3%)

October

27225

+1782

+7%

November

30395

+3170

+12%

December

31476

+1081

+4%

 

NomuC recorded a combined trading value of SAR 14.13 billion in 2024, a 74% rise from SAR 8.1 billion in 2023.

 

NomuC Trading Values in 2024 (SAR mln)

Month

2023

2024

Average Daily Trading Value (ADTV)

Change

January

419.1

644.1

28.0

54 %

February

713.0

759.6

38.0

7 %

March

656.2

1924.3

91.6

193 %

April*

420.6

1021.3

60.1

143 %

May

825.2

772.9

35.1

(6%)

June*

666.4

904.5

56.5

36 %

July

876.2

931.2

40.5

6 %

August

952.8

1088.1

51.8

14 %

September

826.4

962.1

45.8

16 %

October

615.1

1429.1

62.1

132 %

November

440.8

2123.3

106.2

382 %

December

658.3

1564.3

68.0

138 %

Total

8070.2

14125.0

56.5

75 %

*Holidays

 

The index hit its intra-year high of 31,696 points on Dec. 11, while its highest close was recorded on Dec. 10 at 31,558 points, which was NomuC’s highest-ever close.

 

The index intra-year low was at 24,141 points on Jan. 1, and its intra-year steepest close was at 24,453 points on Oct. 9.

 

The benchmark’s largest daily rise was on Nov. 5 at 769 points, while the largest daily decline was seen on March 31 at 593 points.

 

The highest daily trading value in 2024 was recorded on March 26, at about SAR 656.6 million, while the lowest trading value was on Jan. 14 at SAR 14.1 million.

 

NomuC Performance Details in 2024

Period

Performance

Date

Notes

Highest Level (Points)

31696

Dec. 11

--

Lowest Level (Points)

24141

Jan. 1

--

Highest Close (Points)

31558

Dec. 10

Highest since launch

Lowest Close (Points)

24453

Oct. 9

--

Intraday High (Points)

769+

Nov. 5

--

Intraday Low (Points)

(593)

March 31

--

Highest Trading Value (SAR mln)

656.6

March 26

Includes negotiated deals worth SAR 599.1 mln

Lowest Trading Value (SAR mln)

14.1

Jan. 14

--

 

Prices of 47 stocks increased in 2024, while 28 stocks declined.

 

EDARAT was the top performer in 2024 at 265%, followed by Saudi Azm 221%.

 

Performance of Companies with Positive Performance in 2024*

Company

2023

(SAR)

2024

(SAR)

Change

EDARAT

188.58

687.80

+265%

Saudi Azm

10.90

35.00

+221%

Balady

133.00

392.40

+195%

Knowledge Tower

6.90

20.06

+191%

AME

50.20

126.60

+152%

SURE

39.40

93.50

+137%

GAS

7.40

17.24

+133%

TADWEEER

4.05

8.48

+109%

Dar Almarkaba

44.00

79.20

+80%

Armah

49.00

87.70

+79%

NGDC

41.80

68.70

+64%

United Mining

25.00

41.00

+64%

NOFOTH

11.37

18.24

+60%

MOBI

10.28

15.30

+49%

Raoom Trading

117.40

173.40

+48%

Tam Development

131.00

189.00

+44%

Al Rashid Industrial

31.65

45.10

+43%

Academy of Learning

6.33

9.00

+42%

Riyadh Steel

1.68

2.35

+40%

Lana

32.00

44.40

+39%

*Changes in Capital were taken into consideration

 

Meanwhile, Horizon Food was the worst performer, declining 42%, followed by Ladun (40%).

 

Performance of Companies with Negative Performance in 2024*

Company

2023

(SAR)

2024

(SAR)

Change

Horizon Food

66.00

38.00

(42%)

Ladun

6.00

3.61

(40%)

Mayar

5.19

3.35

(35%)

Molan Steel

5.69

3.95

(31%)

Future Care

14.86

10.34

(30%)

NBM

295.00

208.00

(29%)

Alhasoob

82.20

61.00

(26%)

Ghida Al-Sultan

64.90

49.00

(25%)

Munawla

85.80

67.90

(21%)

Fad

107.80

89.00

(17%)

Rawasi Albina

5.31

4.42

(17%)

Leen Alkhair

28.25

23.80

(16%)

KnowledgeNet

36.00

30.60

(15%)

Fesh Fash

17.40

15.18

(13%)

Obeikan Glass

55.00

48.00

(13%)

Aljouf Mineral Water

29.50

27.00

(8%)

Saudi Parts Center

66.00

60.80

(8%)

Al Naqool

52.40

48.45

(8%)

Lime Industries

14.00

13.00

(7%)

Foods Gate

62.00

58.00

(6%)

*Changes in Capital were taken into consideration

 

Performance of Listed REITs

 

Performance of Listed REITs in 2024

REIT

2023

(SAR)

2024

(SAR)

Change

Alwaha REIT Fund

12.50

11.98

(4%)

 

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.