How did Tadawul shares fare during auction time today?

31/01/2019 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. 31 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,575

8,560

(15)

Value Traded

 (SAR mln)

3,196

3,227

+31

Volume Traded

(mln shares)

148.6

149.8

+1.2

Number of transactions

118,153

119,297

+1,144

                                                                                                            

The Index dropped 15 points during the auction period, with a value traded of SAR 31 million in 1,144 transactions, widening daily losses to 24 points. The volume traded represented 0.9 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

Samba

36.70

36.30

(1.09%)

SABB

37.15

36.80

(0.94%)

eXtra

61.00

60.50

(0.82%)

BSF

37.30

37.00

(0.80%)

Makkah Construction

76.30

75.70

(0.79%)

Al Rajhi

101.80

101.20

(0.59%)

Almarai

54.30

54.00

(0.55%)

Riyad

22.78

22.66

(0.53%)

Chemanol

9.70

9.65

(0.52%)

SPM

13.28

13.22

(0.45%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

SAIB

20.30

20.50

+0.99%

Ma’aden

54.50

55.00

+0.92%

Al Hammadi

25.50

25.70

+0.78%

Petrochem

27.30

27.50

+0.73%

Leejam

61.00

61.40

+0.66%

Yansab

68.50

68.90

+0.58%

MESC

12.74

12.80

+0.47%

MEPCO

21.52

21.60

+0.37%

Alawwal

16.44

16.50

+0.36%

SAFCO

84.00

84.30

+0.36%

 

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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