How did Tadawul shares fare during auction time today?

07/02/2019 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 Feb. 7 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,622

8,613

(9)

Value Traded

 (SAR mln)

2,879

2,901

+22

Volume Traded

(mln shares)

100.6

101.4

+0.8

Number of transactions

96,329

97,221

+892

 

The Index declined by around 9 points during the auction period, with a value traded of SAR 22 million in 892 transactions, widening the index daily losses to 20 points. The volume traded represented 0.8 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

SAFCO

85.40

84.60

(0.94%)

BSF

35.90

35.60

(0.84%)

Southern Cement

43.30

43.00

(0.69%)

Jarir

152.60

151.60

(0.66%)

Savola

33.30

33.10

(0.60%)

SEC

16.86

16.76

(0.59%)

Maaden

54.90

54.60

(0.55%)

NCB

54.10

53.90

(0.37%)

Al Jouf

23.72

23.64

(0.34%)

Advanced

56.40

56.30

(0.17%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Allianz SF

30.75

31.00

+0.81%

Amiantit

7.22

7.27

+0.69%

Eastern Cement

26.05

26.20

+0.58%

National Gypsum

12.10

12.16

+0.50%

Al Othaim

66.20

66.50

+0.45%

Emaar

9.25

9.29

+0.43%

Al Maathar REIT

7.79

7.82

+0.39%

Aljazira REIT

13.58

13.62

+0.29%

Aldrees

33.95

34.05

+0.29%

Alawwal

16.14

16.18

+0.25%

 

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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