How did Tadawul shares fare during auction time today?

09/04/2019 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 9 Auction

 

Market closing time

(3:00 PM)

Auction closing time

(3:10 PM)

Variation

TASI (Points)

9,045

9,048

+3

Value Traded

 (SAR mln)

2,949

2,989

+40

Volume Traded

(mln shares)

111.2

112.1

+0.9

Number of transactions

104,639

105,776

+1,137

 

The Index rose around 3 points during the auction period, with a value traded of SAR 40 million in 1137 transactions, increasing its daily gains to 10 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)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

ACIG

21.80

21.50

(1.38%)

Bahri

29.35

29.25

(0.34%)

Buruj

24.40

24.32

(0.33%)

SISCO

13.30

13.26

(0.30%)

Wataniya

23.28

23.22

(0.26%)

Alhokair Group

17.10

17.06

(0.23%)

Zain

10.96

10.94

(0.18%)

Al Ahlia

11.88

11.86

(0.17%)

Al Alamiya

31.80

31.75

(0.16%)

SABIC

127.40

127.20

(0.15%)

 

The following stocks gained during the auction period:

 

Gainers (SAR)

Company

Market Closure

(3:00 PM)

Auction Closure

(3:10 PM)

Variation

TADCO

9.86

10.00

+1.42%

Yanbu Cement

27.95

28.15

+0.72%

Aldrees

28.50

28.70

+0.70%

Leejam

74.10

74.50

+0.54%

Jadwa REIT

7.73

7.77

+0.52%

Shams

30.15

30.30

+0.50%

Takween

8.95

8.99

+0.45%

Saudi Ceramic

19.76

19.84

+0.40%

Med Gulf

15.24

15.30

+0.39%

AXA

26.00

26.10

+0.38%

 

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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