Tadawul Starts Applying the VWAP Mechanism to Calculate the Closing Price

  • Home
  • -
  • News
  • -
  • Tadawul Starts Applying the VWAP Mechanism to Calculate the Closing Price
Tadawul-Starts-Applying-the-VWAP-Mechanism-to-Calc

Tadawul Starts Applying the VWAP Mechanism to Calculate the Closing Price

The Saudi Stock Exchange (Tadawyul) announces that it will begin on the 13th of June 2014 the implementation of the Volume Weighted Average Price (VWAP) mechanism to calculate the closing price, replacing the closing prices based on last normal trade (a trade with value that exceeds SAR 15,000) This change comes as part of the Saudi Stock Exchange’s continuous efforts to increase market efficiency, and in order to reduce the potential impact on closing prices of the listed companies.

The new VWAP mechanism was announced previously on Thursday 03/06/1435H corresponding to 03/04/2014.

Untitled-(1).jpg

Share

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn