How did Tadawul shares fare during auction time today?

01/09/2019 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 Sept. 01 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,911

7,912

+1

Value Traded

 (SAR mln)

2,352

2,414

+62

Volume Traded

(mln shares)

91.64

93.70

+2.06

Number of transactions

83,762

85,166

+1,404

 

The Index edged up by 1 point during the auction period, with a value traded of SAR 62 million in 1,404 transactions, narrowing its daily losses to 107 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

SAIB

15.98

15.80

(1.13%)

AlBabtain

22.60

22.44

(0.71%)

Al Akaria

11.42

11.34

(0.70%)

Tihama

38.05

37.80

(0.66%)

Al Yamamah Steel

16.30

16.20

(0.61%)

Tasnee

13.54

13.46

(0.59%)

Seera

16.98

16.90

(0.47%)

Alhokair

21.80

21.70

(0.46%)

BSF

33.90

33.75

(0.44%)

Yamama Cement

21.58

21.50

(0.37%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

National Gypsum

11.40

11.56

 1.40%

Salama

10.86

11.00

 1.29%

Chubb Arabia

19.50

19.74

 1.23%

Aljazira Takaful

15.82

15.98

 1.01%

Al Ahsa

10.30

10.40

 0.97%

BCI

21.00

21.20

 0.95%

SRMG

87.80

88.60

 0.91%

Petrochem

22.40

22.58

 0.80%

Zain Saudi

11.94

12.02

 0.67%

BATIC

28.40

28.55

 0.53%

 

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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