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 May 6 Auction |
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|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
TASI (Points) |
9,025 |
9,043 |
+18 |
Value Traded (SAR mln) |
4,065 |
4,118 |
+53 |
Volume Traded (mln shares) |
146.6 |
148.1 |
+1.5 |
Number of transactions |
120,152 |
121,508 |
+1,356 |
The Index rose by 18 points during the auction period, with a value traded of SAR 53 million in 1,356 transactions, decreasing its daily losses to 136 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 |
Gulf Union |
13.30 |
13.02 |
(2.11%) |
SPM |
10.20 |
10.10 |
(0.98%) |
City Cement |
11.72 |
11.62 |
(0.85%) |
Wafrah |
13.64 |
13.54 |
(0.73%) |
SAIB |
19.18 |
19.06 |
(0.63%) |
Yamama Cement |
17.10 |
17.00 |
(0.58%) |
ARDCO |
15.34 |
15.26 |
(0.52%) |
Tawuniya |
63.50 |
63.20 |
(0.47%) |
Knowledge City |
10.28 |
10.24 |
(0.39%) |
SIDC |
8.38 |
8.35 |
(0.36%) |
The following stocks gained during the auction period:
Gainers (SAR) |
|||
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
Savola |
31.95 |
32.90 |
+2.97% |
National Learning |
22.60 |
22.98 |
+1.68% |
Saudi Cement |
66.00 |
67.00 |
+1.52% |
Nama |
23.96 |
24.30 |
+1.42% |
AICC |
17.28 |
17.50 |
+1.27% |
Jarir |
173.20 |
175.40 |
+1.27% |
Farm Superstores |
16.60 |
16.80 |
+1.20% |
Bupa Arabia |
89.00 |
90.00 |
+1.12% |
Alawwal |
18.04 |
18.24 |
+1.11% |
Fitness Time |
73.00 |
73.70 |
+0.96% |
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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