Tadawul launches Nomu Capped Index

24/03/2019 Argaam

 

The Saudi Stock Exchange (Tadawul) will launch Nomu Capped Index (NomuC) today, as part of enhancement measures announced earlier.

 

NomuC will follow the same free float market cap weighted calculation methodology used currently for the main market and sectors indices.

 

A capping threshold of 20 percent for any security will be applied to avoid a single security dominance on Nomu Capped Index. The new gauge will be rebalanced on a quarterly basis, in line with the quarterly index maintenance cycle at Tadawul. 

 

Base date will be March 21, 2019 and base value will be the closing value on the same day.

 

NomuC will be the headline index for Nomu Parallel Market and will be displayed on Tadawul main webpage. The current Nomu index will remain available on Tadawul website and e-Reference portal.

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