Tadawul executes SAR 49.8M in negotiated deals on June 21

The Saudi Exchange (Tadawul) recorded seven negotiated deals on June 21 worth a combined SAR 49.8 million, according to exchange data.

A negotiated deal occurs when a buyer and seller agree on a specific price. Tadawul supervises the transaction, which must comply with capital market rules. The deal does not affect the last traded price, the day's high or low, the opening or closing price, or any market or sector index.

Negotiated deals allow large blocks to change hands at a fixed price without moving the broader market. The SAR 49.8 million total was spread across seven trades. The exchange did not disclose the individual stocks or trade sizes.

Tadawul releases daily data on negotiated deals.