Saudi Nomu Parallel Market has closed the year on a dull note, plunging 20 percent, or 619 points (pts), to 2,521 pts, compared to 3,140 pts at the end of 2017.
Saudi Arabia’s Capital Market Authority had allowed the non-resident foreign investors to participate in the Nomu Parallel Market starting from January 1, 2018.
|
Nomu Market’s Performance |
||||
|
Year |
Closing at year end |
General Index (points) |
Variation (points) |
Variation % |
|
2017 |
5,000* |
3,140 |
(1,860) |
(37%) |
|
2018 |
3,140 |
2,521 |
(619) |
(20%) |
* Base
The Nomu-Parallel Market Index tumbled 8 percent in July 2018, recording its lowest level in 9 months. Meanwhile, the benchmark surged by 10 percent in April from the same year, hitting a three-month high.
|
Nomu Monthly Performance in 2018 |
|||
|
Month |
Closing (points) |
Variation (points) |
Variation % |
|
January |
3,005 |
(135) |
(4%) |
|
February |
3,158 |
+153 |
+5% |
|
March |
2,952 |
(206) |
(7%) |
|
April |
3,251 |
+299 |
+10% |
|
May |
3,077 |
(174) |
(5%) |
|
June |
3,016 |
(61) |
(2%) |
|
July |
2,778 |
(238) |
(8%) |
|
August |
2,691 |
(87) |
(3%) |
|
September |
2,575 |
(116) |
(4%) |
|
October |
2,501 |
(74) |
(3%) |
|
November |
2,378 |
(123) |
(5%) |
|
December |
2,521 |
+143 |
+6% |
The index turnover has steeply declined during the year to reach SAR 412.5 million, slumping 77 percent year-on-year (YoY) from SAR 1.806 billion in 2017.
|
Nomu Trading Values (SAR mln) |
||||
|
Month |
2017 |
2018 |
Daily Average |
Variation |
|
January |
-- |
30.4 |
1.32 |
-- |
|
February |
594.0 |
39.7 |
1.99 |
-- |
|
March |
635.9 |
35.4 |
1.69 |
(94%)
|
|
April |
120.3 |
63.4 |
2.88 |
(47%) |
|
May |
70.2 |
35.3 |
1.53 |
(50%) |
|
June |
69.0 |
27.4 |
1.83 |
(60%) |
|
July |
109.7 |
45.3 |
1.97 |
(59%) |
|
August |
54.6 |
27.1 |
1.59 |
(50%) |
|
September |
37.4 |
21.3 |
1.12 |
(43%) |
|
October |
34.0 |
20.7 |
0.90 |
(39%) |
|
November |
31.4 |
21.0 |
1.00 |
(33%) |
|
December |
49.5 |
45.5 |
2.07 |
(8%) |
|
Total |
1,806.0 |
412.5 |
1.66 |
(77%) |
* 3 sessions in Feb. 2017.
The Nomu index hit its highest intra-year trading level of 3,329 pts on Feb. 28 and its highest close mark at 3,256 pts on May 1.
Meanwhile, the gauge recorded its intra-year trading low at 2,196 pts on Oct. 22, and its lowest close for the year at 2,310 pts on Oct. 23.
Also, the index also recorded its steepest intra-day decline of 184 pts on August 13, and its highest intra-day level at 135 pts on April 10.
Nomu made its highest daily average trading value in 2018 at SAR 17.9 million on April 11, while its lowest average trading turnover for the same year stood at SAR 97,900 on Sep. 13.
|
Details of Index Performance in 2017 |
|||
|
Period |
Performance |
Date |
Notes |
|
Highest level (Points) |
3329 |
Feb 28 |
-- |
|
Lowest level (Points) |
2196 |
Oct. 22 |
Lowest level since market launching |
|
Highest Closing (Points) |
3256 |
May 1 |
-- |
|
Lowest Closing (Points) |
2310 |
Oct. 23 |
Lowest level since market launching |
|
Most daily increase (Points) |
+ 135 |
April 10 |
-- |
|
Most daily decline (Points) |
(184) |
Aug 13 |
-- |
|
Highest trading value (SAR mln) |
17.9 |
April 11 |
-- |
|
Lowest trading value (SAR 000’) |
97.9 |
Sept. 13 |
Lowest level since market launching |
Five Nomu-listed stocks closed the year in the green, spearheaded by Al Kathiri Holding which surged by 222 percent. It was followed by National Building & Marketing (63 percent) and Al-Omran Industries (15 percent).
Conversely, five other stocks finished the year on a down note, led by Thob Al Aseel which dipped 34 percent. It was followed by Al-Samaani (18 percent).
|
Performance of Nomu Companies |
|||
|
Company |
Closing as of Dec. 31, 2017 |
Closing as of Dec. 31, 2018 |
Variation % |
|
Al Kathiri* |
18.28 |
58.80 |
+222% |
|
National Building |
27.00 |
44.00 |
+63% |
|
Al Omran |
17.38 |
20.00 |
+15% |
|
Baazeem |
27.70 |
29.10 |
+5% |
|
Arab Sea |
12.08 |
12.30 |
+2% |
|
Abo Moati** |
12.70 |
12.26 |
(3%) |
|
Food Development |
69.75 |
66.00 |
(5%) |
|
Raydan |
16.71 |
15.24 |
(9%) |
|
Al Samaani* |
49.26 |
40.40 |
(18%) |
|
Thob Al Aseel* |
31.35 |
20.64 |
(34%) |
*Distributing bonus shares during the period
**Listing price
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