How did Tadawul shares fare during auction time today?

03/03/2019 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 March 3 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,527

8,534

+7

Value Traded

 (SAR mln)

2,527

2,541

+14

Volume Traded

(mln shares)

112.4

112.9

+0.5

Number of transactions

88,615

89,197

+582

 

The Index rose 7 points during the auction period, with a value traded of SAR 14 million in 582 transactions, increasing its daily gains to 42 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

SADAFCO

101.80

101.20

(0.59%)

SAICO

11.34

11.28

(0.53%)

Saudi Cement

57.60

57.30

(0.52%)

BSF

36.40

36.30

(0.27%)

Budget Saudi

29.50

29.45

(0.17%)

SAFCO

82.00

81.90

(0.12%)

Cubb Arabia

18.22

18.20

(0.11%)

Knowledge City

9.52

9.51

(0.11%)

Zain

9.55

9.54

(0.10%)

Mobily

20.30

20.28

(0.10%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Gulf Union

13.42

13.98

+4.17%

Yanbu Cement

28.75

29.00

+0.87%

UCA

11.76

11.86

+0.85%

Allianz SF

30.15

30.40

+0.83%

Bupa Arabia

90.10

90.70

+0.67%

SRMG

82.00

82.50

+0.61%

Jarir

148.20

149.00

+0.54%

Care

48.50

48.75

+0.52%

Savola

31.40

31.55

+0.48%

Jabal Omar

33.65

33.80

+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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