How did Tadawul shares fare during auction time today?

04/11/2018 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 Nov.4 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,851

7,847

(4)

Value Traded

 (SAR mln)

2,434

2,449

+15

Volume Traded

(mln shares)

116.4

117.1

+0.7

Number of transactions

100,937

101,536

+599

 

The Index dropped four points during the auction period, with a value traded of SAR 15 million in 599 transactions, widening the daily losses to 32 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

SACO

86.00

85.50

(0.58%)

Anaam

10.96

10.90

(0.55%)

Care

46.25

46.00

(0.54%)

Tihama

43.55

43.35

(0.46%)

Al Jouf Agriculture

21.80

21.72

(0.37%)

Riyad

17.12

17.06

(0.35%)

Aljazira Takaful

17.96

17.90

(0.33%)

Samba

30.85

30.75

(0.32%)

Southern Cement

35.05

34.95

(0.29%)

Cable

37.60

37.50

(0.27%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

MetLife AIG ANB

18.76

19.12

+1.92%

Wataniya

23.30

23.66

+1.55%

Dur

20.98

21.26

+1.33%

AICC

19.00

19.14

+0.74%

Yansab

68.50

69.00

+0.73%

Saudi Ceramic

19.42

19.56

+0.72%

JAZADCO

14.20

14.30

+0.70%

SAICO

11.70

11.78

+0.68%

Electrical Industries

16.84

16.94

+0.59%

Al Alamiya

36.10

36.30

+0.55%

 

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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