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. 24 Auction |
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|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
7,532 |
7,513 |
(19) |
Value Traded (SAR mln) |
2,878 |
2,911 |
+33 |
Volume Traded (mln shares) |
126.6 |
127.7 |
+1.1 |
Number of transactions |
103,131 |
104,088 |
+957 |
The Index dropped 19 points during the auction period, with a value traded of SAR 33 million in 957 transactions, widening the daily losses to 37 points. The volume traded represented 1.1 percent of total day’s activity.
Below is a track of individual stock movements post trading hours:
Decliners (SAR) |
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Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Nama |
25.30 |
24.20 |
(4.35%) |
Trade Union |
20.70 |
20.24 |
(2.22%) |
GASCO |
29.00 |
28.60 |
(1.38%) |
STC |
81.90 |
81.30 |
(0.73%) |
NCB |
43.40 |
43.10 |
(0.69%) |
Almarai |
45.85 |
45.55 |
(0.65%) |
SABIC |
122.80 |
122.00 |
(0.65%) |
Al Rajhi |
84.40 |
83.90 |
(0.59%) |
Jarir |
177.00 |
176.00 |
(0.56%) |
Samba |
30.15 |
30.00 |
(0.50%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Aljazira REIT |
12.60 |
12.80 |
+1.59% |
Advanced Industries |
10.82 |
10.96 |
+1.29% |
Al Ma’athar REIT |
7.21 |
7.28 |
+0.97% |
Saudi Cement |
36.55 |
36.90 |
+0.96% |
SAICO |
10.66 |
10.76 |
+0.94% |
Steel Pipe |
17.66 |
17.82 |
+0.91% |
Gulf Union |
11.60 |
11.70 |
+0.86% |
Thimar |
23.30 |
23.48 |
+0.77% |
AICC |
18.08 |
18.20 |
+0.66% |
SAPTCO |
12.80 |
12.88 |
+0.63% |
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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