Saudi Aramco Shares Climb 10% in Pre-Market Auction
Celebrations during the Aramco IPO event at the Fairmont Hotel in northern Riyadh on Dec. 11.
Photographer: Matthew Martin/Bloomberg
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Bids for Saudi Aramco’s shares in the pre-market auction are at 35.2 riyals, according to data on Bloomberg. That’s an increase of 10%, the daily limit.
The Saudi stock exchange is holding an opening auction for the shares from 9:30 a.m. to 10:30 a.m. local time, 30 minutes longer than usual. Continuous trading will start after that, with price changes limited to 10% up or down.