Aramco shares close at $10.07 ahead of MSCI inclusion

Aramco shares close at $10.07 ahead of MSCI inclusion

FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo

DUBAI (Reuters) – Saudi Aramco shares closed down 0.66% at 37.75 riyals ($10.07) on Tuesday, Refinitiv data showed, ahead of their inclusion into the MSCI emerging markets index, which will be effective on Wednesday.

Its entry into the index will be based on Tuesday’s closing price, which puts the oil company’s market value slightly above $2 trillion – the price tag long sought by Crown Prince Mohammed bin Salman.

Reporting by Davide Barbuscia and Hadeel Al Sayegh; editing by Jason Neely

Related posts