Saudi Aramco shares edge higher despite oil-price war

An investor walks past a screen displaying stock information at the Saudi Stock Exchange in Riyadh, Saudi Arabia. Picture: REUTERS

The stock rose as much as 2.8% to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal IPO level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5% lower. Aramco shares retreated as much as 27% from a peak in December to the low plumbed last month, also dragged down by a decline in global oil demand as governments locked down economies to fight the coronavirus.

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