Saudi Arabia’s stock market shrugged off a weekend of Houthi strikes on Aramco targets on Tuesday, closing at a three-week high, while Aramco itself lagged the rally.
MoneyTurkey Foreign Markets Desk | 10 November 2026
Key points
- The Tadawul All Share Index rose 0.61% to 10,168.10, its highest close in three weeks, with 232 companies up and 31 down.
- Aramco shares fell 1.92% to SAR 25.60 (about $6.83), Saudi Exchange and Yahoo Finance data show.
- Saudi Arabia said its East-West oil pipeline was hit on Monday, a day after an attack damaged an Aramco office tower in Riyadh. No one was hurt and pipeline operations continued.
What happened
The Tadawul All Share Index gained 61.38 points to finish at 10,168.10, Arab News and the Saudi Exchange’s daily report show. Trading came to about SAR 4.91 billion ($1.31 billion), Arab News said. Aramco was the most traded stock by value, according to Ajel.
Aramco went the other way. Its shares closed 1.92% lower at SAR 25.60, from SAR 26.10 on Monday, even as advancing stocks far outnumbered decliners. Brent crude briefly slipped below $90 a barrel on Tuesday for the first time since late August, as traders priced out more of the Iran war premium.
The attacks
On Sunday, Saudi Arabia’s Energy Ministry said falling shrapnel from an “attempted attack” caused limited damage to the Aramco Tower in Riyadh’s financial district, with no injuries. Yemen’s Iran-aligned Houthis claimed strikes on the capital’s business district, its airport and Aramco oil storage, and BBC Verify footage showed heavier damage to at least one floor than the ministry described.
On Monday, the ministry said the East-West pipeline had been struck in the Medina region, causing a limited fire that was put out. It said there were no casualties and pipeline operations were not affected, the Saudi Press Agency reported. Early on Tuesday, Riyadh’s deputy governor inspected the damaged Aramco building, SPA said.
Why markets care
The East-West pipeline carries crude from the kingdom’s eastern fields to Yanbu on the Red Sea, its main export route that avoids the Strait of Hormuz. Aramco said in May the line reached its full capacity of seven million barrels a day in the first quarter of 2026, Rudaw reported. Repeated strikes on it are a direct test of how much Saudi oil can keep moving while Hormuz shipping is disrupted.
What to watch
- Any change in East-West pipeline flows or a new ministry statement
- Further Houthi claims against Riyadh or Aramco sites
- Whether Aramco keeps lagging the wider Saudi market as oil prices slide
Related on MoneyTurkey
- Houthi strike damages Aramco tower in Riyadh’s financial district as Saudi stocks slip 0.8%
- Iran Risk Premium Fades as Hegseth Fights Impeachment
- UAE Sells Saudi Crude From Attacked Tanker
For information only. Not investment advice.
Sources
- Arab News: Closing Bell: Saudi stocks extend gains as Tadawul closes at 3-week high
- Saudi Exchange: Detailed Daily Report, 10 November 2026
- Yahoo Finance: Saudi Arabian Oil Company historical prices
- Investing.com: Saudi Arabia shares higher at close of trade; Tadawul All Share up 0.61%
- Ajel: Saudi stock index rises 61 points as trading tops 4.9bn riyals
- Al-Monitor (Reuters): Saudi official inspects Aramco Riyadh office after Houthi attack
- Rudaw: Saudi Arabia says East-West oil pipeline targeted, operational despite attack
- Aaj English TV (AFP): Saudi East-West pipeline hit, but flows unaffected
- BBC News: Aramco Tower hit in heart of Saudi capital as Houthis launch fresh strikes
- MoneyTurkey: Iran Risk Premium Fades as Hegseth Fights Impeachment (Brent below $90, citing CNBC and Reuters)
