RIYADH – Shares in Saudi Aramco surged 4% on Monday, reaching 26.94 riyals per share and marking the highest closing price in a year, as trading volume exceeded 34 million shares – a level not seen in months. The rally propelled the Tadawul All Share Index (TASI) up 2.1% to 11,007 points, its highest close in three weeks, accumulating gains of 530 points, or over 5%, across five consecutive trading sessions.
The surge in Aramco’s stock price and the broader market index coincided with a rise in global oil prices, which breached the $92 per barrel mark, fueled by escalating geopolitical tensions stemming from the ongoing conflict. Total trading volume reached 5.6 billion riyals, indicating growing investor appetite for energy sector stocks.
Investors are now awaiting the release of Aramco’s full-year financial results for 2025 on Tuesday. The company reported net profits of 278.6 billion riyals for the first nine months of 2025, a decrease from the 307.1 billion riyals recorded during the same period in 2024, according to figures released by Argaam.
Aramco was established by royal decree in 1988 as a fully state-owned company with an initial capital of 60 billion riyals, as stated on the Saudi Exchange website. The company’s performance is closely watched as a bellwether for the Saudi economy and a key indicator of global energy market sentiment.
The company’s CEO recently warned of “catastrophic” consequences if the oil crisis continues, according to reports from Yahoo Finance and Bloomberg.
The market’s reaction to Aramco’s earnings report will be closely scrutinized to determine whether the current rally represents a sustained upward trend or a temporary surge driven by short-term factors.
