Saudi Aramco hits new low on U.S.-Iran tensions

Saudi Aramco hits new low on U.S.-Iran tensions
# 08 January 2020 11:46 (UTC +04:00)

Shares of Saudi Aramco opened at 34 riyals ($9.06) on Wednesday, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on U.S. targets in Iraq, APA reports citing Reuters.

Saudi stocks also dropped 1.4%, following across-the-board selling in Gulf markets amid escalating tensions between the United States and Iran.

Aramco shares are down about 12% from a peak of 38.70 riyals on December 31, but still above the IPO price of 32 riyals that valued the company at $1.7 trillion.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED