Anonymous ID: e2c0b0 Jan. 5, 2020, 5:53 a.m. No.7721418   🗄️.is 🔗kun   >>1436

Saudi Aramco shares hit lowest since IPO, down 1.7%

 

Shares of Saudi Aramco were down 1.7% in late afternoon trade on Sunday, hitting 34.55 riyals ($9.21) per share, its lowest level since it started trading last month after a record initial public offering (IPO).

 

The shares reacted to across-the-board selling in Gulf markets after Iranian military commander Qassem Soleimani was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport.

 

Aramco was trading above its IPO price of 32 riyals per share, but was down 10.7% since hitting an intraday high of 38.70 riyals on Dec 31.

https://www.reuters.com/article/us-saudi-aramco-stocks/saudi-aramco-shares-hit-lowest-since-ipo-down-1-7-idUSKBN1Z40BB