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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