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 3 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
8475 |
8479 |
+4 |
Value Traded (SAR mln) |
2541 |
2573 |
+32 |
Volume Traded (mln shares) |
118.1 |
119.0 |
+0.9 |
Number of transactions |
97062 |
98269 |
+1,207 |
The Index rose 4 points during the auction period, with a value traded of SAR 32 million in 1,207 transactions, reducing its daily losses to 55 points. The volume traded represented 1.3 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 |
Advanced |
54.90 |
54.50 |
(0.73%) |
SABB |
36.20 |
36.00 |
(0.55%) |
SASCO |
15.70 |
15.62 |
(0.51%) |
Dar Al-Arkan |
10.88 |
10.84 |
(0.37%) |
Saudi Pipe |
24.18 |
24.10 |
(0.33%) |
Bonyan REIT |
9.21 |
9.18 |
(0.33%) |
JAZADCO |
13.82 |
13.78 |
(0.29%) |
Medgulf |
14.90 |
14.86 |
(0.27%) |
Wataniya |
23.52 |
23.46 |
(0.26%) |
Emaar EC |
10.14 |
10.12 |
(0.20%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Derayah REIT |
8.20 |
8.27 |
+0.85% |
Care |
47.50 |
47.90 |
+0.84% |
Fitaihi |
10.90 |
10.98 |
+0.73% |
Alawwal |
16.38 |
16.50 |
+0.73% |
Aljazira |
15.86 |
15.94 |
+0.50% |
Shaker |
8.40 |
8.44 |
+0.48% |
Riyad Bank |
22.90 |
23.00 |
+0.44% |
Petro Rabigh |
20.22 |
20.30 |
+0.40% |
SAFCO |
81.60 |
81.90 |
+0.37% |
Al-Babtain |
22.00 |
22.08 |
+0.36% |
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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