In this report, Argaam monitors the movement of Tadawul-listed stock prices during the auction period and trade at last that follow the regular trading time. The auction period lasts 10 minutes between 3:00 pm and 3:10 pm. The trade-at-last session starts from 3:10 pm to 3:20 pm.
The Index rallied 44 points during the closing auction and trade at last session, with a value traded of SAR 240.51 million, increasing its daily gains to 134 points.
National Commercial Bank’s (NCB) stock rose 2.6 percent during the auction session gaining 4.7 percent compared to the initial closing. The bank’s share closed at a price of SAR 47.8 with a trading volume of 427,000 shares during the auction time representing 17 percent of the share’s total trading of the day.
A total of 3,298 transactions were executed on nearly 8.44 million shares.
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.
In trade at last session, market participants can place orders only at the closing price set during the closing auction.
The table below compares the performance of Tadawul All Share Index (TASI):
|
TASI Performance During Sept. 04 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
|
|
TASI (Points) |
8,014 |
8,058 |
+44 |
|
Value Traded (SAR mln) |
3,122 |
3,363 |
+240.51 |
|
Volume Traded (mln shares) |
128.93 |
137.37 |
+ 8.44 |
|
Number of transactions |
118,104 |
121,402 |
+ 3,298 |
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 |
|
SASCO |
20.78 |
20.64 |
(0.67%) |
|
Al Ma’athar REIT |
7.94 |
7.90 |
(0.50%) |
|
Taiba |
28.60 |
28.50 |
(0.35%) |
|
Al Hammadi |
22.08 |
22.02 |
(0.27%) |
|
Saudi Re |
9.24 |
9.22 |
(0.22%) |
|
Al Ahsa |
10.78 |
10.76 |
(0.19%) |
|
QACO |
10.92 |
10.90 |
(0.18%) |
|
Aljazira REIT |
12.14 |
12.12 |
(0.16%) |
|
SAIC |
13.72 |
13.70 |
(0.15%) |
|
Bawan |
14.48 |
14.46 |
(0.14%) |
The following stocks gained during the auction period:
|
Gainers (SAR) |
|||
|
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
|
NCB |
46.60 |
47.80 |
2.58% |
|
STC |
102.40 |
104.00 |
1.56% |
|
Malath |
9.30 |
9.40 |
1.08% |
|
Budget Saudi |
33.50 |
33.85 |
1.04% |
|
Anaam |
8.88 |
8.97 |
1.01% |
|
Care |
52.00 |
52.50 |
0.96% |
|
Buruj |
17.70 |
17.86 |
0.90% |
|
Ma’aden |
45.50 |
45.90 |
0.88% |
|
SEC |
20.94 |
21.12 |
0.86% |
|
Al Ahli Takaful |
25.70 |
25.90 |
0.78% |
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