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) |
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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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