Aramco Drops to 23.58 SAR and PetroRabigh Faces Pressure at 6.88 SAR Amid Mixed Performance in Saudi Energy Stocks

Riyadh – Saudi Stock Exchange (Tadawul)
The energy sector in the Saudi stock market showed mixed performance as leading stocks, primarily Saudi Aramco and PetroRabigh, faced selling pressure, contrasted with a strong rise in drilling and energy service stocks.

Aramco and PetroRabigh Under Pressure

• Saudi Aramco (2222)
  The stock fell by 0.72% to 23.58 SAR, from an opening price of 23.75 SAR, marking a high of 23.81 SAR and a low of 23.58 SAR.
  Trading volumes reached approximately 7.22 million shares across over 12.1 thousand transactions, reflecting ongoing pressure on the leading stock in the index.
• PetroRabigh (2380)
  The stock continued to decline by 1.71%, reaching 6.88 SAR, after hitting a high of 7.00 SAR and a low of 6.85 SAR.
  Active trading exceeded 2.79 million shares across 1,864 transactions.

Further Declines in the Sector

• SABIC for Refineries (2030)
  The stock dropped by 0.94% to 52.50 SAR, with 21.2 thousand shares traded, affected by limited profit-taking.
• Bahri (4030)
  The stock declined by 0.83% to 28.76 SAR, with trading volumes of 168 thousand shares.

Strong Gains for Drilling and Service Stocks

• Arab Drilling (2381)
  Led the energy sector gains with a significant increase of 4.93% to 101.10 SAR, supported by trading of 795.6 thousand shares across 5,841 transactions, indicating clear buying momentum.
• Adis Holding (2382)
  The stock rose by 1.45% to 17.47 SAR, with trading volumes exceeding 1.87 million shares.

Analytical Reading

The performance of energy stocks today reflects:

• Pressure on major leading stocks like Aramco and PetroRabigh.
• Conversely, liquidity shifting towards drilling and oil service companies that are more sensitive to operational contracts and oil price movements.

Investors are watching the global oil price trends and the performance of external markets to determine the sector's final direction.