Nomu bids farewell to 2018 with 20% decline

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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