How did Tadawul shares fare during auction time today?

09/10/2018 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. 9 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,904

7,905

+1

Value Traded

 (SAR mln)

2,527

2,539

+12

Volume Traded

(mln shares)

117.2

117.7

+0.5

Number of transactions

83,351

84,018

+667

 

The Index added 1 point during the auction period, with a value traded of SAR 12 million in 667 transactions, reducing daily losses to 34 points. The volume traded represented 0.5 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

Samba

31.70

31.50

(0.63%)

SASCO

15.48

15.40

(0.52%)

SABB

32.15

32.00

(0.47%)

Arabian Pipes

10.10

10.06

(0.40%)

Tasnee

19.00

18.94

(0.32%)

Saudi German

35.25

35.15

(0.28%)

Mouwasat

78.80

78.60

(0.25%)

Arabian Shield

18.40

18.36

(0.22%)

Zamil

18.42

18.38

(0.22%)

SRMG

100.00

99.80

(0.20%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

SIECO

230.00

234.80

+2.09%

JAZADCO

22.40

22.80

+1.79%

Gulf General

13.48

13.68

+1.48%

Saudi Cable

28.65

29.00

+1.22%

Alawwal

14.50

14.60

+0.69%

Maadaniyah

17.88

18.00

+0.67%

Thimar

26.15

26.30

+0.57%

Al Khaleej Training

11.76

11.82

+0.51%

ARCO

15.74

15.82

+0.51%

STC

82.90

83.30

+0.48%

 

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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