Saudi Aramco stock jumps 2.4% on Tadawul as oil firms

Riyadh, January 11, 2026, 18:02 AST — The market has closed.

Shares of Saudi Aramco ended the day 2.4% higher, closing at 24.22 riyals.
Traders watched crude oil strengthen alongside a broad rally in Saudi equities.
Attention turns to oil news, the Feb. 1 deadline for foreign-access reforms, and Aramco’s earnings report in March.

Saudi Arabian Oil Co. (2222) closed Sunday 2.4% higher at 24.22 riyals, moving within a range of 23.70 to 24.22 during the session, according to exchange figures. The day’s turnover hit roughly 162.8 million riyals. Argaam

This matters because Aramco is the heaviest constituent in the Saudi market and acts as the closest proxy for crude prices that local investors can trade. When Aramco shifts, the index tends to move with it.

The timing is tricky: oil is attempting to find footing after a volatile start to the year, even as Gulf traders push back into risk. This stock remains viewed as a cash-flow play, meaning short-term moves in crude often spark immediate talk about dividends.

Brent crude hovered near $63.34 a barrel after jumping 2.18% on Friday, giving a boost to Gulf markets. Milad Azar, market analyst at XTB MENA, pointed out that “risk-on sentiment continues to dominate” and highlighted “positive Q4 earnings” as the next key driver. Reuters

Saudi Arabia’s benchmark index gained 1.3%, buoyed largely by energy stocks. SABIC, majority-owned by Aramco, jumped 3.5%.

Oil prices have been jittery on supply-risk headlines, from unrest in Iran to renewed tensions around Russia’s war in Ukraine. Equity traders find these risks tough to hedge, so they often stick with the familiar: large, liquid stocks.

Saudi Arabia plans to open its financial markets to all foreign investors starting Feb. 1, ending the “Qualified Foreign Investor” system, the regulator confirmed. Reuters

Aramco investors have a straightforward checklist ahead: the path of crude, any changes in geopolitical risk premiums, and if local buying returns to heavyweights when trading resumes Monday.

That upside scenario isn’t guaranteed. Should crude prices retreat or supply concerns fade fast, Aramco could slide back into a narrow trading band — taking the broader index’s key support with it.

Investors will be eyeing Aramco’s FY 2025 results on March 10. That report will bring dividends and spending plans back under the microscope. Aramco

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A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

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