How did Tadawul shares fare during auction time today?

24/02/2019 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. 24 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,519

8,513

(6)

Value Traded

 (SAR mln)

1,921

1,933

+12

Volume Traded

(mln shares)

93.4

93.9

+0.5

Number of transactions

72,967

73,592

+625

 

The Index declined by 6 points during the auction period, with a value traded of SAR 12 million in 625 transactions, widening the index losses to 34 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

SAFCO

80.40

80.00

(0.50%)

BSF

36.95

36.80

(0.41%)

Thimar

24.28

24.20

(0.33%)

Cable

48.00

47.85

(0.31%)

Emaar

9.96

9.93

(0.30%)

Saudi Ceramic

20.28

20.22

(0.30%)

Yansab

69.00

68.80

(0.29%)

Amana

15.18

15.14

(0.26%)

Jadwa REIT

7.86

7.84

(0.25%)

Dur

19.80

19.76

(0.20%)

Al Rajhi

100.00

99.80

(0.20%)

Steel Pipe

25.25

25.20

(0.20%)

Advanced

54.30

54.20

(0.18%)

NADEC

27.60

27.55

(0.18%)

Nama

27.80

27.75

(0.18%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

MEFIC REIT

8.80

8.90

+1.14%

Al Babtain

20.60

20.80

+0.97%

UCA

11.80

11.90

+0.85%

AICC

17.30

17.42

+0.69%

Al Ahlia

12.04

12.10

+0.50%

Ma’adaniyah

17.52

17.60

+0.46%

Jabal Omar

33.60

33.75

+0.45%

Eastern Cement

24.40

24.50

+0.41%

SADAFCO

101.80

102.20

+0.39%

Amiantit

6.00

6.02

+0.33%

 

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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