How did Tadawul shares fare during auction time today?

01/05/2019 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 May 1 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

9,352

9,362

+10

Value Traded

 (SAR mln)

3,052

3,119

+6.7

Volume Traded

(mln shares)

141.1

143.2

+2.1

Number of transactions

114,299

115,768

+1,469

 

The Index rose 10 points during the auction period, with a value traded of SAR 67 million in 1,469 transactions, widening its daily gains to 58 points. The volume traded represented 2.1 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

Qassim Cement

43.80

43.45

(0.80%)

Knowledge City

10.18

10.14

(0.39%)

Albilad

25.95

25.85

(0.39%)

Aslak

16.20

16.16

(0.25%)

Farm Superstores

17.50

17.46

(0.23%)

City Cement

26.95

26.90

(0.19%)

ARDCO

21.80

21.76

(0.18%)

SACO

11.50

11.48

(0.17%)

Gulf General

12.18

12.16

(0.16%)

GASCO

31.00

30.95

(0.16%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

MetLife AIG ANB

24.10

24.40

+1.24%

Chubb Arabia

26.40

26.60

+0.76%

Aldrees

34.85

35.10

+0.72%

Al Jouf Cement

8.63

8.69

+0.70%

Dur

19.52

19.64

+0.61%

Bupa Arabia

93.90

94.40

+0.53%

Alujain

23.18

23.30

+0.52%

City Cement

12.34

12.40

+0.49%

JAZADCO

14.00

14.06

+0.43%

Gulf Union

14.54

14.60

+0.41%

 

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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