Aramco Drops for First Time Since Last Week’s Record IPO
Source: Aramco
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Shares in Saudi Aramco fell, losing ground for the first time since the oil giant’s record initial public offering last week, and ahead of the stock’s inclusion into the MSCI Emerging Markets Index.
Aramco finished 0.7% lower at 37.75 riyals on Tuesday. It is still up 18% from the initial public offering price of 32 riyals.