How did Tadawul shares fare during auction time today?

03/04/2019 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 April 3 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

8,981

8,985

+4

Value Traded

 (SAR mln)

3,980

4,048

+68

Volume Traded

(mln shares)

175.9

178.1

+2.2

Number of transactions

126,787

128,270

+1,483

 

The Index added around 4 points during the auction period, with a value traded of SAR 68 million in 1,483 transactions, increasing its daily gains to 51 points. The volume traded represented 1.7 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

Southern Cement

45.80

45.50

(0.66%)

Tihama

43.00

42.80

(0.47%)

Petro Rabigh

21.70

21.60

(0.46%)

Leejam

71.50

71.20

(0.42%)

Saudi Re

7.44

7.41

(0.40%)

Emaar

10.04

10.00

(0.40%)

Dar Al Arkan

10.98

10.94

(0.36%)

Yanbu Cement

28.25

28.15

(0.35%)

Alujain

23.08

23.00

(0.35%)

Alawwal

18.46

18.40

(0.33%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

Northern Cement

8.77

8.86

+1.03%

GASCO

31.05

31.35

+0.97%

Herfy

55.50

55.80

+0.54%

SRMG

76.20

76.60

+0.52%

Yamama Cement

15.62

15.70

+0.51%

SISCO

13.62

13.68

+0.44%

SIIG

25.70

25.80

+0.39%

Arabian Cement

26.00

26.10

+0.38%

Al Khabeer REIT

10.46

10.50

+0.38%

Najran Cement

8.48

8.51

+0.35%

 

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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