During the post-session auction: TASI 46 Shares Advance, 77 Decline

Saudi stock exchange index rose 2.6 points during the post-session auction, closing at 11,168.3 points, up from 11,165.74 points before the auction.

Shares of 46 companies experience increases, led by Arab Bahr 1.3%, Takween and Ma’aden 1.1%, Sadr and Petrochem by 1%, while the shares of another 77 companies declined, led by Jaco 2.1%, Gulf Union, SABB Takaful and Atheeb 0.7%, and Sasco and Riyadh REIT 0.6%.

The closing auction is used to determine the market’s closing price, which is set by using an auction mechanism, considering supply and demand, during the closing auction to reach the fair price.

The closing auction begins at 3:00 p.m. and finishes at 3:10 p.m., following the end of continuous trading.

Closing price is derived, on a daily basis, as orders are processed, at 3:10 pm + a maximum of 30 seconds.

Regular deals are used to compute the closing price, which is the deal price for shares worth more than SR15,000.

In case, there isn’t a regular transaction, the closing price is determined, by using the price of the most recent deal, set in the continuous trading, or the prior day’s closing price.

Market orders are presented as the best bidders in the order book, during the closing auction period, and no price is displayed during the auction.

Trading session on the closing price is an extra session following the closing auction, in which only the closing price determined by the closing auction may be exchanged, as the auction runs from 3:10 pm to 3:20 pm.

Source: Tadawul, Maaal follow up unit