How did Tadawul shares fare during auction time today?

05/02/2019 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. 5 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,618

8,624

+6

Value Traded

 (SAR mln)

3,023

3,042

+19

Volume Traded

(mln shares)

130.6

131.3

+0.7

Number of transactions

118,957

119,979

+1,022

 

The Index rose by around 6 points during the auction period, with a value traded of SAR 19 million in 1022 transactions, increasing the daily gains to 103 points. The volume traded represented 0.6 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

Tabuk Cement

12.76

12.66

(0.78%)

Salama

16.78

16.68

(0.60%)

Southern Cement

43.95

43.70

(0.57%)

Saudi Ceramic

21.30

21.18

(0.56%)

Tihama

44.45

44.20

(0.56%)

BSF

35.70

35.50

(0.56%)

SEDCO Capital REIT

7.58

7.54

(0.53%)

National Learning

22.10

22.00

(0.45%)

Al Alamiya

34.30

34.15

(0.45%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

MedGulf

15.28

15.44

+1.05%

SRMG

85.50

86.30

+0.94%

Jarir

152.20

153.00

+0.53%

Umm Al Qura Cement

12.30

12.36

+0.49%

Gulf Union

13.90

13.96

+0.43%

AXA

23.40

23.50

+0.43%

Chubb Arabia

19.02

19.10

+0.42%

TADCO

10.34

10.38

+0.39%

City Cement

10.52

10.56

+0.38%

NCB

53.30

53.50

+0.38%

 

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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