Aramco shares dip on day of MSCI, Tadawul indices inclusion - Reuters:
Saudi Aramco’s shares opened at 37.5 riyals ($10.00) on Wednesday, down 0.66% from Tuesday, on the first day of their inclusion into the MSCI emerging markets index, and shed further value in the first hour of trading, losing 2%.
The oil giant’s shares on Wednesday were also included into the Tadawul index, down 0.25% in early trade, with Aramco’s 12% weight following Al Rajhi Bank, which had the largest weighting at almost 14%.
State-owned Aramco listed on the Saudi exchange last week having raised $25.6 billion in the largest initial public offering (IPO) on record.
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