How did Tadawul shares fare during auction time today?

12/09/2018 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 Sept. 12 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,628

7,635

+7

Value Traded

 (SAR mln)

2,297

2,310

+13

Volume Traded

(mln shares)

103.8

104.2

+0.4

Number of transactions

85,979

86,655

+676

 

The Index gained 7 points during the auction period, with a value traded of SAR 13 million in 676 transactions, reducing daily losses to 58 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

Gulf Union

13.50

13.30

(1.48%)

Tawuniya

54.00

53.50

(0.93%)

SEC

16.88

16.74

(0.83%)

MESC

7.47

7.41

(0.80%)

Al Rajhi Takaful

53.50

53.30

(0.37%)

Al Akaria

13.68

13.64

(0.29%)

Taiba

29.85

29.80

(0.17%)

Bahri

30.15

30.10

(0.17%)

Tihama

39.85

39.80

(0.13%)

Solidarity

16.20

16.18

(0.12%)

Sahara

16.72

16.70

(0.12%)

Tasnee

18.16

18.14

(0.11%)

Electrical Industries

18.52

18.50

(0.11%)

Eastern Cement

48.55

48.50

(0.10%)

Arabian Cement

19.48

19.46

(0.10%)

MEPCO

22.76

22.74

(0.09%)

Cable

23.38

23.36

(0.09%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

ACIG

17.16

17.70

+3.15%

AICC

19.90

20.32

+2.11%

Thimar

26.25

26.70

+1.71%

JAZADCO

15.40

15.62

+1.43%

SASCO

15.00

15.14

+0.93%

Jabal Omar

36.15

36.45

+0.83%

Farm Superstores

17.12

17.26

+0.82%

Budget Saudi

26.10

26.30

+0.77%

Nama

23.80

23.98

+0.76%

Al Yamamah Steel

16.34

16.46

+0.73%

Advanced Industries

12.38

12.46

+0.65%

Alasmak

20.10

20.22

+0.60%

Arabian Pipes

10.20

10.26

+0.59%

Aldrees

27.60

27.75

+0.54%

Yansab

70.70

71.00

+0.42%

Al Rajhi

83.70

84.00

+0.36%

Dar Al Arkan

9.03

9.06

+0.33%

Arabian Shield

18.28

18.34

+0.33%

ANB

31.90

32.00

+0.31%

SGS

35.20

35.30

+0.28%

 

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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