How did Tadawul shares fare during auction time today?

11/09/2019 Argaam Special

 

In this report, Argaam monitors the movement of Tadawul-listed stock prices during the auction period and trade at last that follow the regular trading time. The auction period lasts 10 minutes between 3:00 pm and 3:10 pm. The trade-at-last session starts from 3:10 pm to 3:20 pm.

 

The index jumped 34 points during the closing auction and trade at last session, with a value traded of SAR 137.26 million, reducing its daily losses to 110 points.

 

A total of 2,856 transactions were executed on nearly 4.1 million shares.

 

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.

 

In trade at last session, market participants can place orders only at the closing price set during the closing auction.

 

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

 

TASI Performance During Sept. 11 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,821

7,855

+ 34

Value Traded

 (SAR mln)

3,164

3,301

+137.26

Volume Traded

(mln shares)

117.42

121.56

+ 4.14

Number of transactions

132,691

135,547

+2,856

 

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

Bonyan REIT

8.80

8.70

(1.14%)

Qassim Cement

49.85

49.30

(1.10%)

Farm Superstores

14.66

14.50

(1.09%)

GASCO

29.80

29.50

(1.01%)

Southern Cement

52.90

52.50

(0.76%)

Red Sea

13.16

13.08

(0.61%)

Amana

11.00

10.94

(0.55%)

Al Sorayai

39.00

38.80

(0.51%)

JAZADCO

11.74

11.68

(0.51%)

Herfy

50.00

49.80

(0.40%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

SEC

20.50

20.86

 1.76%

SABB

31.00

31.40

 1.29%

Riyad

24.40

24.70

 1.23%

Saudi Cement

60.00

60.70

 1.17%

Al Rajhi Takaful

62.90

63.60

 1.11%

Sipchem

16.68

16.84

 0.96%

Yansab

52.90

53.40

 0.95%

Tawuniya

65.60

66.20

 0.91%

Arabian Shield

15.40

15.54

 0.91%

BSF

33.00

33.30

 0.91%

 

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