Saudi Aramco trades at theoretical open price of SAR 38.70 in pre-market auction

12/12/2019 Argaam

 

Saudi Aramco’s shares in the pre-market auction started trading at a theoretical open price (TOP) of SAR 38.70, an increase of 10% compared to yesterday's close. The stock’s theoretical open volume stood at around 80 million shares.

 

Orders were placed on more than 120 million shares.

 

In case the stock opens at the abovementioned price, Saudi Aramco's market share would reach SAR 7.74 trillion ($2.06 trillion).

 

State-owned Saudi Aramco started trading on the Saudi Stock Exchange (Tadawul) yesterday, Dec. 11 with the symbol 2222, and a daily price fluctuation limit of ±10%.

 

For more details about Saudi Aramco IPO

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