TASI’s 67 Shares Climb during Post-session Auction, 73 Decrease

Saudi stock exchange index TASI climbed 13.3 points, during the post-session auction, On Monday, Dec. 27, 2021, closing at 11,161.04 points, up from 11,147.7 points before the auction.

During the trading session, 6,386 deals were executed, resulting in trading of 3.5 million shares, at a closing valuation of SR134.5 million.

The shares of as many as 67 companies have  increased, led by Allianz 1.4%, SABIC Agricultural Nutrients 1.1%, French and SABB 1%, Emaar and Theeb 0.9%, while the shares of another 73 companies declined, led by Budget 1.4%, Watania and Zamil 0.9%, and Tabuk Agricultural and Mobily 0.7%.

It’s worth noting that the closing auction is used to determine the market’s closing price, and the price is determined using the auction mechanism, which considers supply and demand forces, during the closing auction period to determine the fair price.

The equilibrium price is determined during the closing auction, which lasts 10 minutes.

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

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

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 in the continuous trading, or the prior day’s closing price.

Market orders represented as the best bidders in the order book, during the closing auction, as no price displaying, at all, while the auction is in play.

The closing price trading session, which runs from 3:10 PM to 3:20 PM, is an extra session, following the closing auction, in which only the closing price determined by the closing auction, can be exchanged.

Tadawul, Maaal follow up unit