SINGAPORE (Dec 20): Saudi Arabian Oil Co (Saudi Aramco), the kingdom’s national oil corporation (NOC) and world’s biggest oil producer, had a positive debut on the Tadawul exchange. Its shares have gone up 19% from its IPO price of SAR32, closing at SAR38 on Dec 16 and giving the company the US$2 trillion ($723.1 billion) valuation that Saudi Arabia was aiming for. However, the same optimism could not be seen in the broader and related sectors.

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