• The Saudi stock market is experiencing increased activity as it coincides with the Ramadan season and the upcoming financial results from Aramco. Analysts predict a decline in Aramco's revenues and net profits for 2024, with expectations of an 11% drop in revenues and an 8% decrease in net profit. This comes amid a broader market decline, with the TASI index falling 2.2% in February, indicating a challenging environment for investors as they await Aramco's performance amidst fluctuating oil prices.

• Aramco's results heavily influence the Saudi stock market due to its large weight in the TASI index. The recent drop in oil prices, attributed to geopolitical tensions and economic uncertainties, raises concerns about Aramco's profitability. Additionally, the struggles faced by the petrochemical sector, particularly companies like SABIC, further complicate the outlook for Aramco and its investors, as they navigate a market characterized by volatility and shifting demand dynamics.