How did Tadawul shares fare during auction time today?

11/12/2018 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 Dec.11 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,838

7,839

+1

Value Traded

 (SAR mln)

2,163

2,186

+23

Volume Traded

(mln shares)

98.5

99.3

+0.8

Number of transactions

98,734

99,549

+815

 

The Index rose 1 point during the auction period, with a value traded of SAR 23 million in 815 transactions, increasing daily gains to 19 points. The volume traded represented 0.8 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

31.30

31.10

(0.64%)

SRMG

91.80

91.40

(0.44%)

Leejam

56.40

56.20

(0.35%)

Chemanol

9.75

9.72

(0.31%)

Sipchem

20.88

20.82

(0.29%)

Knowledge City

9.72

9.70

(0.21%)

SPM

12.52

12.50

(0.16%)

Saudi Cable

36.30

36.25

(0.14%)

Jarir

152.40

152.20

(0.13%)

Southern Cement

38.50

38.45

(0.13%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

UCA

11.46

11.56

+0.87%

Hail Cement

8.19

8.25

+0.73%

Mouwasat

77.50

78.00

+0.65%

Al Othaim

72.20

72.60

+0.55%

Sadafco

94.10

94.60

+0.53%

Northern Cement

8.64

8.68

+0.46%

Al Alamiya

33.00

33.15

+0.45%

Yansab

66.70

67.00

+0.45%

Al Rajhi Takaful

67.80

68.10

+0.44%

City Cement

9.70

9.74

+0.41%

 

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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