{"id":10219,"date":"2019-12-13T09:21:13","date_gmt":"2019-12-13T09:21:13","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=10219"},"modified":"2019-12-13T10:42:58","modified_gmt":"2019-12-13T10:42:58","slug":"aramco-stock-prices-rise-even-though-foreign-investors-stay-away","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/aramco-stock-prices-rise-even-though-foreign-investors-stay-away\/","title":{"rendered":"Aramco Stock Prices Rise Even Though Foreign Investors Stay Away"},"content":{"rendered":"

\"AramcoThe Saudi Aramco IPO started strong last week and has continued to grow stronger but it still falls short of the $2 trillion goal that it set for itself. <\/p>\n

The stock is currently trading only on the Riyadh stock market<\/a> and has reached a value of 36.8 riyals. This is an increase by 4.6 percent. Aramco has already traded 418 million shares, which puts it at $1.96 trillion in value<\/strong>.<\/p>\n

The latest value is the result of a 10 percent jump in trades, with 31.6 million shares being traded in a single day. It is a pretty successful result considering the obstacles in the way of trading. This is mostly because of a lack of international interest due to the fact that foreign investors found the IPO price a little too high for their liking. <\/p>\n

The Saudi government decided to help out the Aramco IPO by encouraging domestic investment<\/a>. Considering Saudi Arabia has some of the richest people in the world, the target goal of $2 trillion is still achievable. The government helped by stepping in and offering cheap loans and a bonus-share plan to allow more domestic investors to buy.<\/p>\n

CNBC Television<\/strong><\/p>\n

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