Shares in Saudi Aramco gain on the second day of trading, propelling the oil and gas company to a more than $2 trillion valuation, where it holds the title of the world's most valuable listed company.
Saudi stock market officials watch the market screen displaying Saudi Arabia's state-owned oil company Aramco after the debut of Aramco's initial public offering on the Riyadh's stock market in Riyadh, Saudi Arabia, Wednesday, Dec. 11, 2019.
Shares jumped in trading to reach up to 38.60 Saudi riyals, or $10.29 before noon, three hours before trading closes.With gains made from just two days of trading, Aramco sits comfortably ahead of the world’s largest companies, including Apple, the second largest company in the world valued at $1.19 trillion.
He had sought a $2 trillion valuation for Aramco when he first announced in 2015 plans to sell a sliver of the state-owned company.
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