How did Tadawul shares fare during auction time today?

01/10/2019 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 Oct. 1 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,059

8,053

(6)

Value Traded

 (SAR mln)

2,930

2,994

+ 64

Volume Traded

(mln shares)

119.02

121.90

+ 2.88

Number of transactions

126,120

128,274

+ 2,154

 

The Index edged down by 6 points during the auction period, with a value traded of SAR 64 million in 2,154 transactions, widening its daily losses to 39 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

Saudi Ceramics

25.75

25.45

(1.17%)

City Cement

55.50

55.10

(0.72%)

Gulf General

11.40

11.32

(0.70%)

Shams

24.18

24.02

(0.66%)

MEPCO

13.36

13.28

(0.60%)

Amana

10.72

10.66

(0.56%)

STC

109.00

108.40

(0.55%)

Almarai

49.40

49.15

(0.51%)

Solidarity

12.08

12.02

(0.50%)

Riyad

24.00

23.90

(0.42%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Savola

30.50

30.80

+0.98 %

Chubb

20.70

20.88

+ 0.87%

Bupa Arabia

108.20

109.00

+ 0.74 %

Arabian Centres

29.80

30.00

+ 0.67 %

JAZADCO

12.12

12.20

+ 0.66 %

Eastern Cement

34.10

34.30

+ 0.59 %

Buruj

19.64

19.72

+ 0.41 %

Herfy

51.90

52.10

+ 0.39 %

Shaker

8.40

8.43

+ 0.36 %

Gulf Union

11.26

11.30

+ 0.36 %

 

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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