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 |
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|
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) |
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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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