Special Report - (Namazone):
The Saudi Parallel Market - Nomu, completed its third year in February 2020, which started in February of the year 2017, to be a preliminary stop for companies on their way to the formal market. < / p>
The parallel market passed through a number of stations since its inception, its beginning was not encouraging, which prompted the Saudi Market Authority to intervene to save the market with several bold decisions, which pushed the market to record gains in 2019 .
And if the decisions of the commission, in October 2019, are positive on the level of performance, but on the other side, the parallel market lost half of its companies after it facilitated the movement of companies to the market Home.
The Saudi Stock Exchange launched Tadawul, on February 26, 2017, the parallel market - Nomu, with more flexible terms compared to the official market, as an alternative platform for companies.positive outcome
According to the data available on the website (Namazon), the performance of the Saudi parallel market has been positive since its inception until the end of February 2020, an increase of 42.6%. p>
The Muzi Market Index ended the last of February's sessions at 7,130.8 points, adding to its balance around 2,131 points since its launch, as the market opened its trading in February 2017 at the level of 5,000 points.
The parallel market index rose to the highest closing level, since its inception, at 7,664.3 points, at the end of the December 3, 2019 session, when it closed 7.74% up with gains of 550.3 points. < / p>
In contrast, the market fell to the lowest level in its history, at 2,310.3 points, when it recorded a decrease of 3.5%, with losses amounting to 84 points, by the end of the October 23 session. 2018.
The parallel market recorded the highest daily gains in its first session, which is the February 26, 2017 session, which saw the market rise about 20%, and the highest daily losses were around 18%, at the November 13, 2019 session. .
2019
The Saudi parallel market witnessed a big leap during the year 2019, an increase of 195% after adding about 4,919 points to its balance, which rose it to the level of 7,439.9 points, compared to 2,520.7 points. At the end of 2018.The market had a stalled start, in 2017, after it fell about 37%, it fell to the level of 3,140 points, losing 1,860 points from its value, and the market appeared Its trading is at 5,000 points.
The parallel market extended its losses in 2018, to record a negative result with a decline of 20%, with losses amounting to ...
