How did Tadawul shares fare during auction time today?

06/02/2019 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. 6 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,620

8,633

+13

Value Traded

 (SAR mln)

3,310

3,339

+29

Volume Traded

(mln shares)

124.9

125.9

+1.0

Number of transactions

113,197

114,154

+957

 

The Index jumped 13 points during the auction period, with a value traded of SAR 29 million in 957 transactions, bouncing 9 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

Ma’aden

54.80

54.50

(0.55%)

Makkah

76.00

75.60

(0.53%)

Malath

12.02

11.96

(0.50%)

Leejam

60.70

60.40

(0.49%)

Tabuk Agriculture

10.92

10.88

(0.37%)

SRMG

85.10

84.80

(0.35%)

Allianz SF

30.95

30.85

(0.32%)

Al Akaria

12.74

12.70

(0.31%)

Sipchem

19.04

19.00

(0.21%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Nama Chemical

27.55

27.95

+1.45%

Eastern Cement

25.70

25.90

+0.78%

Almarai

55.00

55.30

+0.54%

Savola

33.85

34.00

+0.44%

Halwani

45.30

45.50

+0.44%

Al Rajhi

102.00

102.40

+0.39%

SEC

16.88

16.94

+0.36%

Riyad

23.40

23.48

+0.34%

SABIC

124.40

124.80

+0.32%

UCA

12.70

12.76

+0.31%

Aldrees

34.20

34.30

+0.29%

 

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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