How did Tadawul shares fare during auction time today?

24/10/2018 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 Oct. 24 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,532

7,513

(19)

Value Traded

 (SAR mln)

2,878

2,911

+33

Volume Traded

(mln shares)

126.6

127.7

+1.1

Number of transactions

103,131

104,088

+957

 

The Index dropped 19 points during the auction period, with a value traded of SAR 33 million in 957 transactions, widening the daily losses to 37 points. The volume traded represented 1.1 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

Nama

25.30

24.20

(4.35%)

Trade Union

20.70

20.24

(2.22%)

GASCO

29.00

28.60

(1.38%)

STC

81.90

81.30

(0.73%)

NCB

43.40

43.10

(0.69%)

Almarai

45.85

45.55

(0.65%)

SABIC

122.80

122.00

(0.65%)

Al Rajhi

84.40

83.90

(0.59%)

Jarir

177.00

176.00

(0.56%)

Samba

30.15

30.00

(0.50%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Aljazira REIT

12.60

12.80

+1.59%

Advanced Industries

10.82

10.96

+1.29%

Al Ma’athar REIT

7.21

7.28

+0.97%

Saudi Cement

36.55

36.90

+0.96%

SAICO

10.66

10.76

+0.94%

Steel Pipe

17.66

17.82

+0.91%

Gulf Union

11.60

11.70

+0.86%

Thimar

23.30

23.48

+0.77%

AICC

18.08

18.20

+0.66%

SAPTCO

12.80

12.88

+0.63%

 

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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