Alinma Tokio Marine shares rise 17% in closing auction

Logo of Alinma Tokio Marine Co.

Shares of Alinma Tokio Marine Co. rose 17% to close at SAR 23.26 during the closing auction on the Saudi Exchange (Tadawul) today, June 16.

The stock traded more than 6% lower at SAR 19.90 before the closing auction, and then reversed its downtrend, rising with a maximum limit of 10%.

A total of 47,400 of the company's shares were traded during the closing auction, while its total trading volume amounted to 148,300 shares.

The auction period lasts 10 minutes between 3:00 pm and 3:10 pm. The trade-at-last session runs from 3:10 pm to 3:20 pm.

During the 10-minute auction period, investors can place buy and sell orders, based on which the trading system calculates a fair price per stock. This fair price serves as a reference price for the following trading day.

In the trade-at-last session, market participants can place orders only at the closing price set during the closing auction.