Saudi Aramco’s shares up more than 9% upon trading resumption

10/03/2020 Argaam Special

 

Shares of Saudi Arabian Oil Company (Saudi Aramco) rose 9.1% to SAR 31 after trading suspension was lifted on Tuesday.

 

The company’s shares were placed on a trading halt at 11.48 am based on its request to announce a material event.

 

The oil giant announced that it will provide its customers with 12.3 million barrels per day (mbpd) of crude oil in April, an increase of 300,000 barrels per day from the maximum sustained capacity of 12 mbpd.

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