How did Tadawul shares fare during auction time today?

07/04/2019 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 April 7 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

9,007

9,011

+4

Value Traded

 (SAR mln)

2,927

2,949

+22

Volume Traded

(mln shares)

119.8

120.5

+0.7

Number of transactions

98,496

99,267

+771

 

The Index rose around 4 points during the auction period, with a value traded of SAR 22 million in 771 transactions, narrowing its daily losses to 53 points. The volume traded represented 0.8 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

Bupa Arabia

85.40

84.90

(0.59%)

Red Sea

15.70

15.62

(0.51%)

QACO

11.88

11.82

(0.51%)

Chubb Arabia

22.98

22.88

(0.44%)

Dallah

48.35

48.15

(0.41%)

Ma’aden

54.80

54.60

(0.36%)

Nama

27.45

27.35

(0.36%)

Farm Superstores

17.24

17.18

(0.35%)

Petro Rabigh

20.92

20.86

(0.29%)

Cable

40.70

40.60

(0.25%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Savola

31.35

31.65

+0.96%

SAIB

19.28

19.46

+0.93%

Anaam Holding

12.08

12.14

+0.50%

Gulf Union

14.22

14.28

+0.42%

ANB

24.80

24.90

+0.40%

SABB

39.70

39.85

+0.38%

Mobily

21.58

21.66

+0.37%

AICC

16.50

16.56

+0.36%

Najran Cement

8.42

8.45

+0.36%

NCB

56.80

57.00

+0.35%

 

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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