Saudi Aramco Shares Hit New Low After Iranian Missile Attacks
Saudi Aramco shares have dropped 11.5% from their IPO peak, and still, the shares are overvalued.
Shares closed on Wednesday at their lowest level (34.15 riyals (($9.10)) since trading began on Dec. 11, after Iran launched more than a dozen ballistic missiles at multiple US military bases in Iraq.
The killing of Iran's top general Qassem Soleimani last Friday, and the retaliation strikes by Iran on Wednesday, have...
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