How did Tadawul shares fare during auction time today?

22/01/2019 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 Jan. 21 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,418

8,399

(19)

Value Traded

 (SAR mln)

2,436

2,570

+134

Volume Traded

(mln shares)

110.4

114.3

+3.9

Number of transactions

99,238

100,703

+1,465

 

The Index dropped around 19 points during the auction period, with a value traded of SAR 134 million in 1465 transactions, cutting daily gains to 3 points. The volume traded represented 5.2 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

Savola

30.75

30.10

(2.11%)

Albilad

29.60

29.10

(1.69%)

Saudi Chemical

31.40

31.00

(1.27%)

Budget Saudi

28.50

28.20

(1.05%)

SRMG

87.00

86.10

(1.03%)

Qassim Cement

34.45

34.10

(1.02%)

Southern Cement

39.90

39.50

(1.00%)

ARDCO

18.00

17.82

(1.00%)

Al Othaim

70.80

70.10

(0.99%)

Northern Cement

8.44

8.36

(0.95%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Farm Superstores

16.60

16.78

+1.08%

Jarir

152.20

153.40

+0.79%

SISCO

11.46

11.54

+0.70%

UCA

11.50

11.58

+0.70%

Samba

37.10

37.30

+0.54%

Leejam

61.50

61.80

+0.49%

Aldrees

34.90

35.05

+0.43%

Gulf Union

14.14

14.20

+0.42%

Riyad REIT

7.79

7.82

+0.39%

Advanced

54.50

54.70

+0.37%

 

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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