Aramco ranks 2nd largest globally, with a market value of $2.2 trillion
Saudi Aramco’s stock increased 1.97 percent to 41.35 riyals at the closing of trading today, Thursday, although it rose to 42.25 riyals during the session, the highest price since the IPO.
With a trading volume of 45.46 million shares, Aramco’s stock reached a trading value of around 1.88 billion riyals.
Saudi Aramco has risen to second position in global market value, with a value of $2.23 trillion, as its share price reached new highs.
With a market value of $2.1 trillion, it surpassed Microsoft as the most valuable company in the world.
According to today’s market capitalization data, Aramco is on the verge of overtaking Apple, which has the world’s biggest market value by $2.6 trillion.
With anticipation of continued collapse of US stock markets, whose pre-trading transactions reported a continuation of decrease for fear of war between Russia and Ukraine, Aramco’s prospects of being at the top of the world’s corporations in terms of market value are rising.
Aramco was one of just four stocks in the Saudi market to fall 2.19 percent to 12253.37 points, despite 7.79 billion riyals in trading, which was impacted by Russia’s war in Ukraine.
