How did Tadawul shares fare during auction time today?

19/05/2019 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 May 19 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,513

8,525

+12

Value Traded

 (SAR mln)

2,635

2,674

+39

Volume Traded

(mln shares)

99.8

101.4

+1.6

Number of transactions

88,875

90,117

+1,242

 

The Index rose 12 points during the auction period, with a value traded of SAR 39 million in 1,242 transactions, reducing its daily losses to 97­­­­ points. The volume traded represented 1.5 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

SPIMACO

25.00

23.70

(5.20%)

JAZADCO

12.84

12.26

(4.52%)

BATIC

32.65

32.00

(1.99%)

SGS

15.00

14.82

(1.20%)

Bawan

13.62

13.46

(1.17%)

AICC

15.56

15.40

(1.03%)

Eastern Cement

24.30

24.06

(0.99%)

MESC

9.08

9.00

(0.88%)

Yanbu Cement

27.40

27.20

(0.72%)

SEERA

16.62

16.50

(0.72%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

UCA

9.53

9.70

+1.78%

Al Khaleej Training

12.32

12.50

+1.46%

Al Sorayai

10.10

10.20

+0.99%

TADCO

8.60

8.68

+0.93%

Almarai

55.50

56.00

+0.90%

Saudi Cement

67.50

68.10

+0.89%

Alhokair

23.50

23.70

+0.85%

Yansab

63.50

64.00

+0.79%

Al Ahsa Development

10.30

10.38

+0.78%

BSF

39.90

40.20

+0.75%

 

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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