How did Tadawul shares fare during auction time today?

28/01/2019 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. 28 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,593

8,624

+31

Value Traded

 (SAR mln)

4,130

4,217

+87

Volume Traded

(mln shares)

197.1

199.6

+2.5

Number of transactions

142,900

144,550

+1,650

 

The Index rose around 31 points during the auction period, with a value traded of SAR 87 million in 1650 transactions, increasing daily gains to 115 points. The volume traded represented 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

Qassim Cement

37.00

36.80

(0.54%)

Al Waha

42.20

42.05

(0.36%)

Saudi Kayan

13.42

13.38

(0.30%)

Tihama

44.05

43.95

(0.23%)

QACO

10.96

10.94

(0.18%)

Nama

28.30

28.25

(0.18%)

Gulf Union

13.82

13.80

(0.14%)

Alandalus

14.46

14.44

(0.14%)

BATC

37.55

37.50

(0.13%)

Aslak

16.32

16.30

(0.12%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Amana

22.10

22.44

+1.54%

SRMG

84.50

85.70

+1.42%

UCA

11.44

11.60

+1.40%

Shaker

8.63

8.74

+1.27%

Herfy

47.40

48.00

+1.27%

Yanbu Cement

29.00

29.35

+1.21%

Arabian Cement

25.00

25.30

+1.20%

SAIB

21.20

21.44

+1.13%

SAFCO

84.00

84.90

+1.07%

SADAFCO

101.80

102.80

+0.98%

 

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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