How did Tadawul shares fare during auction time today?

11/10/2018 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. 11 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,537

7,531

(6)

Value Traded

 (SAR mln)

3,995

4,025

+30

Volume Traded

(mln shares)

170.3

171.6

+0.7

Number of transactions

138,257

139,096

+839

 

The Index dropped 6 points during the auction period, with a value traded of SAR 30 million in 839 transactions, widening daily losses to 304 points. The volume traded represented 0.7 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

Al Alamiya

33.40

32.90

(1.50%)

SABB

30.35

30.00

(1.15%)

Chubb Arabia

17.60

17.40

(1.14%)

ANB

30.30

30.00

(0.99%)

Al Tayyar

21.30

21.20

(0.47%)

SISCO

12.90

12.84

(0.47%)

Al Othaim

65.40

65.10

(0.46%)

SRMG

94.90

94.50

(0.42%)

Wafrah

14.58

14.52

(0.41%)

NCB

43.00

42.85

(0.35%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

BATIC

35.35

36.40

+2.97%

L’Azurde

16.40

16.70

+1.83%

Shams

30.00

30.50

+1.67%

Southern Cement

32.95

33.45

+1.52%

Al Yamamah Steel

15.58

15.78

+1.28%

Saudi Cement

40.50

41.00

+1.23%

Gulf General

12.98

13.12

+1.08%

Buruj

21.60

21.78

+0.83%

MedGulf

15.24

15.36

+0.79%

SEC

15.52

15.64

+0.77%

 

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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