RIYADH: Saudi Aramco’s year-to-date rally reached nearly 13 percent on Thursday, enabling the Kingdom’s benchmark stock index to achieve a second consecutive weekly gain despite a subdued final trading session.
The stock of Saudi Aramco, which is the most heavily weighted on the Saudi Exchange, closed at SR26.86 ($7.16), representing a 12.72 percent increase since the beginning of 2026. The stock maintained a 3.09 percent increase over the previous week’s close, despite experiencing a 1.1 percent decline in Thursday’s session.
The increase in energy shares was driven by escalating tensions in the Middle East, which led to oil prices surpassing $100 per barrel. This was exacerbated by the attacks on tankers in the Gulf and the Strait of Hormuz, which raised concerns about potential supply disruptions.
Despite a 0.45 percent decline in Thursday’s session, the Tadawul All Share Index maintained its weekly uptrend, closing at 10,778.32, with a nearly 1.07 percent increase week-over-week. The index has increased by 4.01 percent since the first trading day of the year.
Despite higher sales volumes across oil, gas, and refined products, Aramco’s adjusted net income of $104.7 billion for 2025 continued to anchor sentiment. However, net profit fell 12.1 percent year on year to $93.39 billion, compared to $106.25 billion in 2024, as lower crude prices weighed on earnings.
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