Saudi Aramco touches $2 trn market value before paring gains

DUBAI, Dec 12 (Reuters) – Saudi Aramco’s shares jumped 10% at market open on Thursday to 38.7 riyals, implying a market value of $2 trillion, before dipping in early trade, Refinitiv data showed.

Shares in the state-owned oil giant were trading around 37 riyals by 0711 GMT, up 5.5% from Wednesday’s close. (Reporting by Davide Barbuscia Editing by David Goodman)