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 March 4 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
8,550 |
8,565 |
+15 |
Value Traded (SAR mln) |
2,590 |
2,655 |
+65 |
Volume Traded (mln shares) |
110.2 |
112.2 |
+2.0 |
Number of transactions |
90,543 |
91,961 |
+1,418 |
The Index rose by around 15 points during the auction period, with a value traded of SAR 65 million in 1418 transactions, increasing the index gains to 31 points. The volume traded represented 2.5 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 |
Gulf Union |
13.78 |
13.68 |
(0.73%) |
NADEC |
27.10 |
27.00 |
(0.37%) |
SAICO |
11.18 |
11.14 |
(0.36%) |
Gulf General |
12.80 |
12.76 |
(0.31%) |
Alawwal |
16.74 |
16.70 |
(0.24%) |
Halwani |
44.60 |
44.50 |
(0.22%) |
NCB |
52.80 |
52.70 |
(0.19%) |
Ma’aden |
55.30 |
55.20 |
(0.18%) |
Alasmak |
66.60 |
66.50 |
(0.15%) |
Jabal Omar |
34.35 |
34.30 |
(0.15%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
SAFCO |
81.70 |
82.80 |
+1.35% |
Savola Group |
32.50 |
32.80 |
+0.92% |
Qassim Cement |
38.60 |
38.95 |
+0.91% |
Riyad |
22.76 |
22.96 |
+0.88% |
SAPTCO |
15.28 |
15.40 |
+0.79% |
Al Alamiya |
31.85 |
32.10 |
+0.78% |
Bupa Arabia |
89.70 |
90.40 |
+0.78% |
Southern Cement |
43.00 |
43.30 |
+0.70% |
Yanbu Cement |
28.75 |
28.95 |
+0.70% |
Tawuniya |
59.30 |
59.70 |
+0.67% |
Walaa |
23.72 |
23.88 |
+0.67% |
Saudi Chemical |
32.20 |
32.40 |
+0.62% |
SEC |
16.38 |
16.48 |
+0.61% |
Arabian Cement |
25.00 |
25.15 |
+0.60% |
Al Othaim |
67.50 |
67.90 |
+0.59% |
SPIMACO |
27.20 |
27.35 |
+0.55% |
BATIC |
37.30 |
37.50 |
+0.54% |
SABIC |
122.00 |
122.60 |
+0.49% |
Tabuk Cement |
12.26 |
12.32 |
+0.49% |
Catering |
83.40 |
83.80 |
+0.48% |
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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