Saudi Aramco hits new low since trading began on Dec 11

DUBAI: Saudi Aramco shares briefly hit 34.45 riyals ($9.18) in early trade, their lowest level since its shares began trading on December 11, following a record-setting initial public offering (IPO).

At 0706 GMT, Aramco shares were down 0.14 per cent at 34.50 riyals.

They have lost almost 11 per cent since hitting a high of 38.70 riyals.