How did Tadawul shares fare during auction time today?

10/02/2019 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 Feb. 10 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,578

8,573

(5)

Value Traded

 (SAR mln)

2,076

2,091

+15

Volume Traded

(mln shares)

90.7

91.4

+0.7

Number of transactions

83,949

84,546

+597

 

The Index dropped 5 points during the auction period, with a value traded of SAR 15 million in 597 transactions, widening the daily losses to 40 points. The volume traded represented 0.7 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

City Cement

10.72

10.54

(1.68%)

Savola

33.50

33.35

(0.45%)

Samba

38.00

37.85

(0.39%)

AlAbdullatif

11.58

11.54

(0.35%)

SAIC

14.42

14.38

(0.28%)

Jarir

150.00

149.60

(0.27%)

Qassim Cement

39.60

39.50

(0.25%)

Najran Cement

8.62

8.60

(0.23%)

Al Rajhi

101.20

101.00

(0.20%)

Riyad

23.30

23.26

(0.17%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Al Ahsa

10.10

10.20

+0.99%

Dur

19.60

19.78

+0.92%

MedGulf

15.34

15.48

+0.91%

Ash-Sharqiyah

54.00

54.40

+0.74%

SRMG

85.00

85.50

+0.59%

Gulf Union

13.90

13.98

+0.58%

National Gypsum

12.18

12.24

+0.49%

Umm Al Qura Cement

12.54

12.60

+0.48%

Bupa Arabia

84.70

85.10

+0.47%

Yamama Cement

15.00

15.06

+0.40%

 

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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