How did Tadawul shares fare during auction time today?

10/07/2019 Argaam Special

 

In this report, Argaam monitors the movement of Tadawul-listed stock prices during the auction period that follows the regular trading time. The Auction period lasts 10 minutes between 3 pm and 3:10 pm.

 

The table below compares the performance of Tadawul All Share Index (TASI):

 

TASI Performance During July 10 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,898

8,906

+ 8

Value Traded

 (SAR mln)

2,869

2,949

+ 80

Volume Traded

(mln shares)

118.4

121.1

+ 2.7

Number of transactions

96,382

98,557

+ 2,175

 

The Index rose by 8 points during the auction period, with a value traded of SAR 80 million in 2,175 transactions, increasing its daily gains to 51 points.

 

Below is a track of individual stock movements post trading hours:

 

Decliners (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Jadwa REIT Al Haramain

8.37

8.30

(0.84%)

Alhokair

21.64

21.48

(0.74%)

NADEC

24.16

24.00

(0.66%)

MEFIC REIT

9.00

8.95

(0.56%)

Northern Cement

9.53

9.48

(0.52%)

Makkah Construction

79.20

78.80

(0.51%)

SRMG

99.70

99.30

(0.40%)

Astra

15.54

15.48

(0.39%)

MIS

53.50

53.30

(0.37%)

Fitaihi

11.24

11.20

(0.36%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Savola

31.55

31.85

0.95%

Saudi Cement

75.50

76.10

0.79%

SABB

39.20

39.50

0.77%

Red Sea

14.30

14.40

0.70%

Advanced

59.00

59.40

0.68%

Petrochem

24.10

24.26

0.66%

Buruj

20.22

20.34

0.59%

STC

105.00

105.60

0.57%

GASCO

29.50

29.65

0.51%

BSF

41.75

41.95

0.48%

 

During the 10-minute auction period, investors can place buy and sell orders based on which the system calculates a fair price per stock, and this fair price serves as a reference price for the following trading day.

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