How did Tadawul shares fare during auction time today?

04/10/2018 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 Oct. 4 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,000

7,998

(2)

Value Traded

 (SAR mln)

2,583

2,597

+14

Volume Traded

(mln shares)

103.5

104.1

+0.6

Number of transactions

86,431

87,168

+737

 

The Index decreased 2 points during the auction period, with a value traded of SAR 14 million in 737 transactions, increasing daily losses to 11 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

Mouwasat

81.80

80.50

(1.59%)

Qassim Cement

33.45

33.00

(1.35%)

ACIG

16.00

15.88

(0.75%)

NCB

46.10

45.90

(0.43%)

SAFCO

80.50

80.20

(0.37%)

Petrochem

26.85

26.75

(0.37%)

Aljazira Takaful

19.20

19.14

(0.31%)

AICC

20.26

20.20

(0.30%)

SIPCHEM

22.34

22.28

(0.27%)

Halwani

46.10

46.00

(0.22%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

QACO

10.40

10.54

+1.35%

Solidarity

16.64

16.78

+0.84%

Takween

10.36

10.44

+0.77%

Thimar

26.70

26.90

+0.75%

Fitaihi

11.50

11.58

+0.70%

AXA

20.64

20.78

+0.68%

Electrical Industries

18.54

18.66

+0.65%

Tihama

40.50

40.75

+0.62%

Nama

27.50

27.65

+0.55%

Knowledge City

11.30

11.36

+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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