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 7 Auction |
|||
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
9,007 |
9,011 |
+4 |
Value Traded (SAR mln) |
2,927 |
2,949 |
+22 |
Volume Traded (mln shares) |
119.8 |
120.5 |
+0.7 |
Number of transactions |
98,496 |
99,267 |
+771 |
The Index rose around 4 points during the auction period, with a value traded of SAR 22 million in 771 transactions, narrowing its daily losses to 53 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 |
Bupa Arabia |
85.40 |
84.90 |
(0.59%) |
Red Sea |
15.70 |
15.62 |
(0.51%) |
QACO |
11.88 |
11.82 |
(0.51%) |
Chubb Arabia |
22.98 |
22.88 |
(0.44%) |
Dallah |
48.35 |
48.15 |
(0.41%) |
Ma’aden |
54.80 |
54.60 |
(0.36%) |
Nama |
27.45 |
27.35 |
(0.36%) |
Farm Superstores |
17.24 |
17.18 |
(0.35%) |
Petro Rabigh |
20.92 |
20.86 |
(0.29%) |
Cable |
40.70 |
40.60 |
(0.25%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Savola |
31.35 |
31.65 |
+0.96% |
SAIB |
19.28 |
19.46 |
+0.93% |
Anaam Holding |
12.08 |
12.14 |
+0.50% |
Gulf Union |
14.22 |
14.28 |
+0.42% |
ANB |
24.80 |
24.90 |
+0.40% |
SABB |
39.70 |
39.85 |
+0.38% |
Mobily |
21.58 |
21.66 |
+0.37% |
AICC |
16.50 |
16.56 |
+0.36% |
Najran Cement |
8.42 |
8.45 |
+0.36% |
NCB |
56.80 |
57.00 |
+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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