How did Tadawul shares fare during auction time today?

13/01/2019 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. 13 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,302

8,292

(10)

Value Traded

 (SAR mln)

2,909

2,925

+16

Volume Traded

(mln shares)

118.0

118.6

+0.6

Number of transactions

99,043

99,648

+605

 

The Index dropped 10 points during the auction period, with a value traded of SAR 16 million in 605 transactions, cutting daily gains to 82 points. The volume traded represented 0.6 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

Samba

35.30

35.00

(0.85%)

Almarai

54.00

53.60

(0.74%)

Jabal Omar

32.60

32.40

(0.61%)

Alujain

20.28

20.20

(0.39%)

NCB

51.20

51.00

(0.39%)

Al Rajhi

98.90

98.60

(0.30%)

Alasmak

66.50

66.30

(0.30%)

Aslak

14.64

14.60

(0.27%)

Tasnee

16.02

15.98

(0.25%)

Mobily

16.98

16.94

(0.24%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Herfy

46.85

47.30

+0.96%

Zain Saudi

8.85

8.90

+0.56%

Saudi Re

7.93

7.97

+0.50%

SACO

64.40

64.70

+0.47%

Amana

23.10

23.20

+0.43%

SAIC

14.00

14.06

+0.43%

MEPCO

19.78

19.86

+0.40%

Petrochem

25.85

25.95

+0.39%

AICC

16.08

16.14

+0.37%

National Gypsum

11.70

11.74

+0.34%

 

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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