SAR 900 million in a single day – with this stunning figure, Saudi Aramco ignited Saudi market engines and led an investment surge that shattered psychological barriers. The oil giant’s stock rose 4% to achieve its highest close in a full year at SAR 26.94, while trading volume exceeded 34 million shares in a scene unseen in trading halls for months.
The explosion didn’t stop with Aramco alone, extending to lift the Tadawul index to new heights with a 2.1% increase, registering 11,007 points – the highest close in three weeks. Five consecutive sessions of gains have yielded 530 points in gains, or more than 5% in a bullish run telling a story of irresistible optimism.
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Behind this remarkable surge are oil prices that have broken the $92 per barrel barrier, driven by escalating geopolitical tensions as the Iranian war enters its second week. Total trading volume reached SAR 5.6 billion, telling a story of growing investment appetite for oil stocks.
The real test awaits on Tuesday when Aramco unveils its financial statements for 2025, amid anticipation tempered by caution after profits fell to SAR 278.6 billion in the first nine months of last year, compared to SAR 307.1 billion in the same period of 2024. This comes as investors closely monitor the company’s performance in a volatile global energy market.
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The pivotal question remains unanswered: are we truly witnessing the beginning of a new golden age, or is this rally merely a transient storm in a sea of fluctuations? The upcoming results will hold the answer.
