How did Tadawul shares fare during auction time today?

18/04/2019 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 18 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

9,179

9,197

+18

Value Traded

 (SAR mln)

2,788

2,873

+85

Volume Traded

(mln shares)

104.3

106.7

+2.4

Number of transactions

95,616

97,021

+1,405

 

The Index jumped 18 points during the auction period, with a value traded of SAR 85 million in 1,405 transactions, reducing its daily losses to 42 points. The volume traded represented 2.9 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

Gulf General

12.50

12.36

(1.12%)

Budget Saudi

33.90

33.70

(0.59%)

Al Ahsa

11.56

11.50

(0.52%)

Tabuk Cement

12.18

12.12

(0.49%)

ANB

25.10

25.00

(0.40%)

SACO

78.70

78.40

(0.38%)

Chubb Arabia

27.10

27.00

(0.37%)

Al Khodari

5.67

5.65

(0.35%)

Alasmak

61.20

61.00

(0.33%)

Al Rajhi Takaful

67.40

67.20

(0.30%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Al Waha

43.30

43.95

+1.50%

SIIG

26.35

26.65

+1.14%

SADAFCO

108.00

109.00

+0.93%

Al Yamamah Steel

18.30

18.46

+0.87%

Fitaihi

11.56

11.66

+0.87%

GASCO

31.55

31.80

+0.79%

Qassim Cement

38.70

39.00

+0.78%

Albilad

26.05

26.20

+0.58%

Zain

10.56

10.62

+0.57%

Dallah

47.40

47.65

+0.53%

 

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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