Saudi Aramco extends rally, rises 1% on Sunday

DUBAI: Saudi Aramco shares were up 1% at 37.2 riyals ($9.89) in early trade on Sunday.

The state-owned oil company listed 1.5% of its shares at 32 riyals on Riyadh’s Tadawul exchange on Dec 11 in the world’s largest initial public offering (IPO).

Initially valued at $1.7 trillion, the shares have since hit $2 trillion, a value long sought by Saudi Crown Prince Mohammed bin Salman.