12 mln Shares Exchanged, Trading Closing Valuation worth SR631 mln

The Saudi stock market index rose 42.6 points during the auction period on Thursday, September 30, 2021, to close at 11,495.76 points, up from 11,453.11 points before the auction.

During the trading, 12 million shares were traded at a closing valuation of SR631.1 million through 8903 transactions.

The shares of 84 companies witnessed a rise.

Bupa is up 2.2%, the Fransi 1.8%, Saudi Cement 1.5%, SABB 1.2%, minerals 1.1%.

The shares of 38 other companies declined during the auction period, including Medgulf, Fitness Time, and Dressing Issues (0.6%).

The closing auction is used to determine the market’s closing price, while the closing price is determined by using the (auction method), which considers supply and demand during the closing auction period to arrive at a fair price.

During the 10-minute closing auction, the equilibrium price is calculated.

The closing auction begins at 3:00 p.m. and ends at 3:10 p.m., 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.

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

If no deals are made during continuous trading, the closing price is determined using the previous day’s closing price.

Market orders are published in the order book as best bid/best bid during the closing auction period and no price is displayed throughout the auction period.

After the closing auction, there is an additional trading period when only the closing price determined by the closing auction can be traded. The closing price trading session runs from 3:10 PM to 3:20 PM.

trading session runs from 3:10 PM to 3:20 PM.