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 Oct. 11 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
|
|
TASI (Points) |
7,537 |
7,531 |
(6) |
|
Value Traded (SAR mln) |
3,995 |
4,025 |
+30 |
|
Volume Traded (mln shares) |
170.3 |
171.6 |
+0.7 |
|
Number of transactions |
138,257 |
139,096 |
+839 |
The Index dropped 6 points during the auction period, with a value traded of SAR 30 million in 839 transactions, widening daily losses to 304 points. The volume traded represented 0.7 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 |
|
Al Alamiya |
33.40 |
32.90 |
(1.50%) |
|
SABB |
30.35 |
30.00 |
(1.15%) |
|
Chubb Arabia |
17.60 |
17.40 |
(1.14%) |
|
ANB |
30.30 |
30.00 |
(0.99%) |
|
Al Tayyar |
21.30 |
21.20 |
(0.47%) |
|
SISCO |
12.90 |
12.84 |
(0.47%) |
|
Al Othaim |
65.40 |
65.10 |
(0.46%) |
|
SRMG |
94.90 |
94.50 |
(0.42%) |
|
Wafrah |
14.58 |
14.52 |
(0.41%) |
|
NCB |
43.00 |
42.85 |
(0.35%) |
The following stocks gained during the auction period:
|
Gainers (SAR) |
|||
|
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
|
BATIC |
35.35 |
36.40 |
+2.97% |
|
L’Azurde |
16.40 |
16.70 |
+1.83% |
|
Shams |
30.00 |
30.50 |
+1.67% |
|
Southern Cement |
32.95 |
33.45 |
+1.52% |
|
Al Yamamah Steel |
15.58 |
15.78 |
+1.28% |
|
Saudi Cement |
40.50 |
41.00 |
+1.23% |
|
Gulf General |
12.98 |
13.12 |
+1.08% |
|
Buruj |
21.60 |
21.78 |
+0.83% |
|
MedGulf |
15.24 |
15.36 |
+0.79% |
|
SEC |
15.52 |
15.64 |
+0.77% |
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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