How did Tadawul shares fare during auction time today?

01/01/2019 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. 1 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,798

7,798

--

Value Traded

 (SAR mln)

1,621

1,629

+8

Volume Traded

(mln shares)

62.1

62.4

+0.3

Number of transactions

73,817

74,276

+459

 

The Index remained unchanged during the auction period, with a value traded of SAR 8 million in 459 transactions. The volume traded represented 0.5 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

Saudi Cable

38.35

38.10

(0.65%)

Al Babtain

19.74

19.64

(0.51%)

Alhokair

22.00

21.90

(0.45%)

Petrochem

24.00

23.90

(0.42%)

Tasnee

15.26

15.22

(0.26%)

Mouwasat

80.10

79.90

(0.25%)

Al Baha

22.60

22.56

(0.18%)

Al Waha

41.05

41.00

(0.12%)

Wafrah

16.44

16.42

(0.12%)

SIECO

85.70

85.60

(0.12%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Thimar

26.70

26.95

+0.94%

Alliance SF

29.80

30.05

+0.84%

UCA

11.94

12.04

+0.84%

Alasmak

70.90

71.40

+0.71%

Al Ahlia

11.78

11.86

+0.68%

Savola

26.65

26.80

+0.56%

Nama

26.95

27.10

+0.56%

Gulf Union

14.56

14.64

+0.55%

Al Alamiya

31.80

31.95

+0.47%

Aljazira Takaful

17.62

17.70

+0.45%

 

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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