Saudi Aramco shares rose for a second day, but the oil giant failed to hold on to the $2 trillion valuation that Crown Prince Mohammed bin Salman had long targeted.
The stock climbed 4.6% to close at 36.80 riyals in Riyadh, finishing at $1.96 trillion. Aramco earlier rose as much as 10%, the daily limit, in trading of 418 million shares, up from 31.6 million Wednesday.