TASI Gains 21 Points throughout the Auction

Saudi stock exchange main index TASI climbed 21.2 points during the auction, closing at 11,170.48 points, up from 11,149.26 points before the sale.

Shares of 82 companies witnessed an increase, led by Care 1%, Nadec, Lazurde, Tawuniya, and Zamil 0.9%, and Ma’aden 0.8%, while the shares of another 52 companies declined, led by Budget 1.1%, the Saudi Group and Jadwa Rett Saudi Arabia 0.9%, Allianz 0.8%, Urban, Chemical, and Mobily 0.7%.

It’s worth noting that the closing auction is used to determine the market’s closing 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.

On a daily basis the closing price is 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.

In case there isn’t a regular transaction, the closing price is determined, by using the price of the most recent deal in continuous trading. the prior day’s closing price.

Market orders are listed in the order book as the best bidders’ best bids during the closing auction period and with no price throughout the auction period.

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

Source: Tadawul, Maaal follow up unit