How did Tadawul shares fare during auction time today?

10/09/2019 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 Sept. 10 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,941

7,965

+ 24

Value Traded

 (SAR mln)

2,734

2,982

+ 248.76

Volume Traded

(mln shares)

111.15

118.05

+ 6.90

Number of transactions

114,563

117,332

+ 2,769

 

The Index edged up by 24 point during the auction period, with a value traded of SAR 248.76 million in 2,769 transactions, narrowing its daily losses to 90 points.

 

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

BATIC

30.90

30.15

(2.43%)

Al Othaim

78.20

77.20

(1.28%)

SARCO

42.00

41.50

(1.19%)

Aslak

15.26

15.12

(0.92%)

Takween

7.67

7.61

(0.78%)

Shaker

8.05

8.00

(0.62%)

SADAFCO

128.20

127.60

(0.47%)

Care

51.50

51.30

(0.39%)

Bahri

26.95

26.85

(0.37%)

L’Azurde

16.52

16.46

(0.36%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

BSF

32.90

33.40

 1.52%

AlAbdullatif

11.44

11.60

 1.40%

Saudi Cement

60.60

61.30

 1.16%

Taiba

28.30

28.60

 1.06%

Zain

12.40

12.52

 0.97%

Al Rajhi Takaful

64.00

64.60

 0.94%

NCB

46.40

46.80

 0.86%

SRMG

88.50

89.20

 0.79%

Riyad

24.92

25.10

 0.72%

Petro Rabigh

19.60

19.74

 0.71%

 

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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