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Saudi Arabia: Bad week for Aramco

As if to confirm the view of market bears that shares in Saudi Arabian Oil Company (Aramco) would fall prey to geopolitical pressures, the shares dropped by more than 10% from their peak on news of the US assassination of General Qassem Soleimani. As of 6 January, Aramco shares were trading at SR34.2 each, compared to a high of SR38.7 on 12 December, the second day of trading on the Saudi Stock Exchange (Tadawul).

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