6.3 mln Shares Traded, at SR304 mln, in Auction

 Saudi stock exchange index fell by 15.7 points, closing at 11,846.53 points, down from 11,862.2 .points before the auction, on Monday, November 08, 2021

The shares of 54 companies rose, led by Dor 1.8%, Tawuniya 1.2%, Dallah 1%, SABB 0.9%, and Bawan 0.8%, while the shares of 87 other companies fell, led by Wataniya 1.5%, Naseeh and Buba 1.3%, and Petrochem 1.2%, Makkah and Jabal 0.8%.

It’s worth noting that the closing auction is used to determine the market’s closing price determined through using (the auction mechanism), taking into account the supply and demand, during the closing auction period, to arrive at the fair price, as the equilibrium price shall be determined during the closing auction, which lasts 10 minutes.

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

On a daily basis, the closing price shall be derived when 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.

When there isn’t a regular deal, the closing price shall be based on the price of the most recent deal, during the ongoing trading. Or the prior 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.

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

Source: Tadawul, Maaal