How did Tadawul shares fare during auction time today?

08/07/2018 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 03:00 and 03:10 pm.

 

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

 

TASI Performance During July 8 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,217

8,223

+6

Value Traded (SAR mln)

2,737

2,750

+13

Volume Traded (mln shares)

105.0

105.5

+0.5

Number of transactions

70,686

71,107

+421

 

The Index increased by six points during the auction period, with a value traded of SAR 13 million in 421 transactions, thereby increasing daily gains to 45 points. The volume traded represented 0.4 percent of total day’s activity.

 

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

SARCO

44.80

44.15

(1.45%)

Saudi German

60.50

60.10

(0.66%)

Buruj

31.00

30.80

(0.65%)

Amana

20.84

20.74

(0.48%)

Dar Al Arkan

10.06

10.04

(0.20%)

Petro Rabigh

27.10

27.05

(0.18%)

Arabian Cement

28.25

28.20

(0.18%)

SAFCO

61.90

61.80

(0.16%)

Derayah REIT

8.04

8.03

(0.12%)

Alandalus

17.10

17.08

(0.12%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

ANB

32.35

32.65

+0.93%

UCA

14.10

14.20

+0.71%

Knowledge City

11.60

11.68

+0.69%

eXtra

59.10

59.40

+0.51%

Advanced Industries

13.26

13.30

+0.30%

Al Rajhi

84.50

84.70

+0.24%

SVCP

49.10

49.20

+0.20%

Namaa

28.90

28.95

+0.17%

Zain

6.15

6.16

+0.16%

SABIC

123.40

123.60

+0.16%

 

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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