Oil giant Saudi Aramco shares skyrocket over 5% to record highs

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RIYADH: Shares in Saudi Aramco soared over 5 percent to an all-time high in Monday’s trading session on the Saudi stock exchange.

The share price hit SR40 ($10.6) as of noon Saudi time yielding a market cap of $2.13 trillion.

Most recently, a four percent stake of the oil giant had been transferred to Saudi Arabia’s sovereign wealth fund in an $80 billion deal.