How did Tadawul shares fare during auction time today?

08/01/2019 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 Jan. 8 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,059

8,057

(2)

Value Traded

 (SAR mln)

3,131

3,160

+29

Volume Traded

(mln shares)

138.6

139.8

+1.2

Number of transactions

119,240

120,100

+860

 

The Index declined 2 points during the auction period, with a value traded of SAR 29 million in 860 transactions, cutting daily gains to 9 points. The volume traded represented 0.9 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

Care

51.60

51.20

(0.78%)

SADAFCO

103.60

103.00

(0.58%)

Maaden

52.80

52.50

(0.57%)

Saudi Cement

48.25

48.00

(0.52%)

Amiantit

5.88

5.85

(0.51%)

Advanced

53.40

53.20

(0.37%)

Buruj

28.10

28.00

(0.36%)

Chubb Arabia

19.06

19.00

(0.31%)

Bawan

13.26

13.22

(0.30%)

National Learning

21.86

21.80

(0.27%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Aljazira Takaful

17.70

17.90

+1.13%

Al Rajhi Takaful

71.50

72.00

+0.70%

Mouwasat

79.30

79.80

+0.63%

SARCO

41.90

42.15

+0.60%

Gulf Union

14.60

14.68

+0.55%

Alawwal

15.26

15.34

+0.52%

United

11.76

11.82

+0.51%

Saudi Re

7.99

8.03

+0.50%

SACO

64.80

65.10

+0.46%

Al Alamiya

33.20

33.35

+0.45%

 

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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