As many as 4.6mln Shares Traded, at a Closing Price of SR203 million

The Saudi stock exchange index rose by 1.2 points, during the auction period on Tuesday, September 14, 2021 and closed, at 11,373.18 points against 11,371.95 points before the auction.

As many as 4.6 million shares were traded. During the trading period, the closing price was valued at SR203.1 million, executed through 6,292 transactions.

That was reflected in a boost, in the stock prices of 54 corporations.

A rise of about 0.7% each for Othaim and Petrochem.

Saudi Cement, Al-Ahly Takaful, and Extra with a rise of 0.6% were also included.

The closing auction is used to determine the market’s closing price, which is for its part is determined by using the (auction policy), considering the supply and demand, during the closing auction period, in order to arrive at a fair price.

The 10-minute closing auction equilibrium price is the only one to be accepted.

Closing auction begins following the end of the continuous trading session, at 3:00 pm and ends at 3:10 pm.

On the other hand, the closing price is calculated when orders are executed at 3:10 pm + a maximum of 30 seconds, on a daily basis.

Only regular deals are to compute the closing price, with a deal price for shares worth more than SR15,000.

In the absence of a typical deal, the closing price shall  be based on the price of the last continuous deal.

If no deal is made during the continuous trading, the closing price shall be determined, using the previous day’s closing price.

Market orders are listed in the order book as Best Bid/Best Bid, during the closing auction period and with no price during the auction period.

After the closing auction, there shall be an additional trading period, when only the closing price determined by the closing auction, can be traded.