How did Tadawul shares fare during auction time today?

23/12/2018 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.23 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

7,732

7,731

(1)

Value Traded

 (SAR mln)

2,852

2,883

+31

Volume Traded

(mln shares)

114.6

115.7

+1.1

Number of transactions

100,864

101,587

+723

 

The Index shed 1 point during the auction period, with a value traded of SAR 31 million in 723 transactions, widening daily losses to 23 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)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Dar Al Arkan

8.96

8.90

(0.67%)

NCB

47.20

46.95

(0.53%)

L’Azurde

16.00

15.92

(0.50%)

Al Rajhi

86.20

85.80

(0.46%)

Amana

25.55

25.45

(0.39%)

Advanced

51.90

51.70

(0.39%)

SACO

65.20

65.00

(0.31%)

Takween

9.72

9.70

(0.21%)

MEPCO

19.62

19.58

(0.20%)

Albilad

25.55

25.50

(0.20%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

UCA

11.62

11.98

+3.10%

Arabian Cement

23.00

23.60

+2.61%

Al Ahsa Development

9.91

10.10

+1.92%

MedGulf

16.50

16.80

+1.82%

AXA

22.32

22.68

+1.61%

BATIC

38.00

38.50

+1.32%

Aljazira Takaful

17.78

17.98

+1.12%

Al Yamamah Steel

14.34

14.50

+1.12%

SRMG

82.20

82.90

+0.85%

Dur

19.04

19.20

+0.84%

 

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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