This video offers step-by-step instructions on how to place a Saudi stock order on Sahm. In this process, user can choose from various order types: a "Limit" order for buying or selling at a specific (or better) price, a "Market" order to trade at the current market price, or a "Iceberg" order to execute large trades in the stock market while keeping the full size of your order concealed from other market participants.
Advanced traders can explore conditional orders like "Arrival Price", "Pegging Other Symbol", or "Bracket" for sophisticated strategies.
Please be aware that when using a "Limit" order, remember the tick size rule. It's the minimum price change a stock can have. The details are as follows:
Price Bands | Tick Size |
Below SAR 10 | SAR 0.01 |
SAR 10 to SAR 24.98 | SAR 0.02 |
SAR 25 to SAR 49.95 | SAR 0.05 |
SAR 50 to SAR 99.90 | SAR 0.10 |
Above SAR 100 | SAR 0.20 |
For instance, if a stock is priced between SAR 50 and SAR 99, your order must be in increments or decrements of 0.1, like 50.1 or 52.2. If it's above SAR 100, use increments or decrements of 0.2, such as 100.2 or 101.4.
