Oil giant Saudi Aramco shares skyrocket over 4% to close at record high

RIYADH: Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange.

At the closing bell, the share price hit SR39.3 ($10.5) yielding a market cap of $2.09 trillion.

Earlier in the session the shares hit an all-time high of SR40. 

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.