How did Tadawul shares fare during auction time today?

10/10/2018 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 3 pm and 3:10 pm.

 

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

 

TASI Performance During Oct. 10 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,837

7,835

(2)

Value Traded

 (SAR mln)

2,585

2,598

+13

Volume Traded

(mln shares)

102.7

103.2

+0.5

Number of transactions

85,513

86,239

+726

 

The Index decreased 2 points during the auction period, with a value traded of SAR 13 million in 726 transactions, increasing daily losses to 70 points. The volume traded represented 0.5 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

Saudi Cement

43.85

43.10

(1.71%)

Al Ahsa Development

10.14

10.00

(1.38%)

SABB

31.95

31.65

(0.94%)

Alabdullatif

11.26

11.16

(0.89%)

Alinma Tokio

17.90

17.76

(0.78%)

Chubb Arabia

18.40

18.28

(0.65%)

BSF

31.70

31.50

(0.63%)

Solidarity

16.36

16.26

(0.61%)

SIDC

8.46

8.44

(0.24%)

Mobily

17.90

17.86

(0.22%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

SGS

35.00

35.25

+0.71%

Wafa

11.36

11.44

+0.70%

Maadaniya

17.84

17.96

+0.67%

Catering

83.30

83.70

+0.48%

Bawan

14.12

14.18

+0.42%

SEC

15.98

16.04

+0.38%

Budget Saudi

27.30

27.40

+0.37%

Nama

28.70

28.80

+0.35%

Alujain

24.62

24.70

+0.32%

Saudi Cable

31.80

31.90

+0.31%

 

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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