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 20 minutes between 3:00 pm and 3:20 pm.
This came in parallel with the start of the third tranche of the FTSE Russell Emerging Market Index on June 24, after Saudi stocks were included already in two tranches in March and April.
The closing auction session— which lasts from 3:00 pm to 3:10 pm Riyadh local time— was extended to 20 minutes instead of 10 minutes during today’s session.
The table below compares the performance of Tadawul All Share Index (TASI):
|
TASI Performance During June 20 Auction |
|||
|
|
Market closing time (3:00 PM) |
Auction closing time (3:10 PM) |
Variation |
|
TASI (Points) |
8,943 |
8,870 |
(73) |
|
Value Traded (SAR mln) |
5,289 |
10,495 |
+5,206 |
|
Volume Traded (mln shares) |
181.9 |
307.1 |
+ 125.2 |
|
Number of transactions |
150,988 |
159,576 |
+8,588 |
The Index dipped 73 points during the auction period, with a value traded of SAR 5.21 billion in 8,588 transactions, decreasing its daily gains by 67 points.
Below is a track of individual stock movements post trading hours:
|
Gainers (SAR) |
|||
|
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
|
MedGulf |
14.60 |
14.84 |
1.64% |
|
Halwani |
37.95 |
38.50 |
1.45% |
|
Amiantit |
5.88 |
5.95 |
1.19% |
|
Al Baha |
19.30 |
19.50 |
1.04% |
|
Red Sea |
14.04 |
14.18 |
1.00% |
|
SVCP |
42.00 |
42.40 |
0.95% |
|
MetLife AIG ANB |
19.22 |
19.38 |
0.83% |
|
Al Rajhi REIT |
8.39 |
8.45 |
0.72% |
|
Jadwa REIT Saudi |
8.53 |
8.59 |
0.70% |
|
eXtra |
69.50 |
69.90 |
0.58% |
The following stocks dropped during the auction period:
|
Decliners (SAR) |
|||
|
Company |
Market Closure (3:00 PM) |
Auction Closure (3:10 PM) |
Variation |
|
Al Hammadi |
23.04 |
21.96 |
(4.69%) |
|
Dallah |
50.80 |
49.25 |
(3.05%) |
|
AICC |
16.40 |
16.00 |
(2.44%) |
|
Riyad |
25.90 |
25.40 |
(1.93%) |
|
Jarir |
169.60 |
166.40 |
(1.87%) |
|
NCB |
59.10 |
58.00 |
(1.86%) |
|
SABB |
40.00 |
39.30 |
(1.75%) |
|
SADAFCO |
115.00 |
113.00 |
(1.74%) |
|
GASCO |
30.20 |
29.70 |
(1.66%) |
|
Tasnee |
17.30 |
17.02 |
(1.62%) |
|
Taleem REIT |
10.32 |
10.16 |
(1.55%) |
|
Kayan |
12.68 |
12.52 |
(1.26%) |
|
Samba |
36.45 |
36.00 |
(1.23%) |
|
Dar Al Arkan |
11.74 |
11.60 |
(1.19%) |
|
Al Jouf Cement |
7.93 |
7.84 |
(1.13%) |
|
Leejam |
71.80 |
71.00 |
(1.11%) |
|
Saudi Chemical |
31.60 |
31.25 |
(1.11%) |
|
Wafrah |
12.82 |
12.68 |
(1.09%) |
|
Eastern Cement |
30.40 |
30.10 |
(0.99%) |
|
Al Rajhi |
71.70 |
71.00 |
(0.98%) |
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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