{"id":306253,"date":"2019-12-19T11:24:37","date_gmt":"2019-12-19T05:54:37","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306253"},"modified":"2019-12-19T11:24:37","modified_gmt":"2019-12-19T05:54:37","slug":"saudi-aramco-falls-below-2-trillion-as-stock-declines-for-2nd-day","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-aramco-falls-below-2-trillion-as-stock-declines-for-2nd-day\/","title":{"rendered":"Saudi Aramco falls below $2 trillion as stock declines for 2nd day"},"content":{"rendered":"<p>LONDON : Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman.<\/p>\n<p>Shares fell as much as 2.5% to 36.80 riyals, before recovering a bit to trade at 37 riyals at 1:09 pm local time, giving the company a total value of $1.97 trillion. The stock was included in the MSCI Emerging Markets Index and the main local benchmark, the Tadawul All Share Index, on Wednesday.<\/p>\n<p>A number of investors took the chance to sell a few of the shares bought in the IPO as Aramco entered the benchmarks, said Marwan Haddad, senior portfolio manager at Emirates NBD Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON : Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares fell as much as 2.5% to 36.80 riyals, before recovering a bit to trade at 37 riyals at 1:09 pm local time, giving the company a total value of $1.97 trillion. The stock was included in the MSCI Emerging Markets Index and the main local benchmark, the Tadawul All Share Index, on Wednesday. A number of investors took the chance [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-306253","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306253"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306253\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}