“TASI” Move up, Gaining 17 points to Close at, over 11369 Level

On Monday, September 27, 2021, the Saudi stock exchange index climbed 17.3 points during the auction period, closing at 11369.09 points, up from 11351.76 points before the sale.

As many as 49 companies’ shares rose, led by Extra and Saudi Cement at 1%, French at 0.8%, SABIC Nutrients at 0.7%, and Astra at 0.7%, while the shares of 65 other companies fell, led by Al-Jazeera REIT, Research and Media at 1.1%, Enaya at 0.7%, Care, United and Development Tokyo Marine, and Riyadh REIT at 0.6%.

It’s worth noting that the closing auction is used to determine the market’s closing price, and the closing price is determined using (the auction mechanism) that considers supply and demand during the closing auction period to arrive at the fair price, and the equilibrium price is determined during the closing auction, which shall last only 10 minutes.

The closing auction begins at 3:00 pm and ends at 3:10 pm, following the end of continuous trading (session – the market is open).

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

Only regular deals are used to compute the closing price, which is the deal price for shares worth more than SR15,000. When there isn’t a regular deal, the closing price is based on the price of the most recent deal in continuous trading. Price as of the previous day’s close.

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.

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