Follow-ups -eshrag News:
RIYADH: Saudi Aramco briefly became the world’s top-valued company as its shares soared to yield a SR9.24 trillion ($2.463 trillion) market cap on Tuesday.
Shares of the oil giant hit SR46.2 in early trading, pushing its market valuation higher than that of tech major Apple, valued at $2.461 trillion, according to data by Bloomberg.
Aramco’s stock price slightly retreated later in the day to trade at SR46.05 as of 11:53 a.m. Saudi time, implying a market valuation of SR9.21 trillion.
With the latest share movement, the company is now the second-largest firm by market cap after Apple.
Aramco has been constantly hitting record highs, thanks to strong oil prices that continue to soar to date.
Saudi Aramco shares touch highest level since listing
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