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 11 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
8,428 |
8,426 |
(2) |
Value Traded (SAR mln) |
2,281 |
2,300 |
+19 |
Volume Traded (mln shares) |
112.3 |
113.1 |
+0.8 |
Number of transactions |
109,075 |
110,077 |
+1,002 |
The Index shed 2 points during the auction period, with a value traded of SAR 19 million in 1,002 transactions, widening its daily losses to 39 points. The volume traded represented 0.8 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 |
Ma’aden |
53.40 |
52.00 |
(2.62%) |
Al Alamiya |
30.60 |
30.15 |
(1.47%) |
Jazadco |
13.86 |
13.74 |
(0.87%) |
Swicorp Wabel REIT |
8.45 |
8.40 |
(0.59%) |
Chubb Arabia |
18.16 |
18.06 |
(0.55%) |
SEDCO Capital REIT |
7.90 |
7.86 |
(0.51%) |
Bawan |
15.02 |
14.96 |
(0.40%) |
Al Tayyar |
25.80 |
25.70 |
(0.39%) |
Bahri |
30.45 |
30.35 |
(0.33%) |
Saudi German Hospital |
31.10 |
31.00 |
(0.32%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Bupa Arabia |
83.40 |
84.40 |
+1.20% |
Al Ahlia |
12.24 |
12.38 |
+1.14% |
MEFIC REIT |
10.30 |
10.40 |
+0.97% |
Leejam |
63.10 |
63.70 |
+0.95% |
Wataniya |
23.40 |
23.58 |
+0.77% |
Al Rajhi REIT |
8.44 |
8.50 |
+0.71% |
Fitaihi |
11.02 |
11.08 |
+0.54% |
eXtra |
61.70 |
62.00 |
+0.49% |
Saudi Ceramic |
19.90 |
19.98 |
+0.40% |
Al Rajhi Takaful |
75.20 |
75.50 |
+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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