900 million riyals in one day With this staggering number, Saudi Aramco ignited the engines of the Saudi market and led an investment uprising that destroyed psychological barriers. The giant stock rose 4% to achieve the highest closing in a whole year at 26.94 riyals, while its trading exceeded 34 million shares in a scene that trading halls had not witnessed for months.
The explosion did not stop at Aramco alone, but extended to raise the TASI index to new heights, rising 2.1%, recording 11,007 points – the highest close in three weeks. Five consecutive sessions of upswing It achieved 530 points of gains, more than 5% in a rally that tells a story of irresistible optimism.
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Behind this amazing boom stand oil prices, which have breached the $92 per barrel barrier, driven by escalating geopolitical tensions as the Iranian war enters its second week. Total trades amounted to 5.6 billion riyals, telling the story of an increasing investment appetite for oil stocks.
The real test awaits Tuesday when Aramco reveals its securities for the year 2025, amid cautious anticipation after its profits fell to 278.6 billion riyals in the first nine months of last year, compared to 307.1 billion riyals in the same period of 2024.
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The pivotal question remains outstanding: Are we truly witnessing the beginning of a new golden era, or is this rise merely a passing storm in a sea of fluctuations? The upcoming results will hold the answer.
