Saudi Aramco becomes world’s second-most valuable firm

Saudi Aramco briefly topped the list of largest companies by market capitalization on Tuesday with a market value of $2.464 trillion, surpassing US tech major Apple Inc.’s value of $2.461 trillion.

Shares of the Saudi oil giant hit its highest level at SR46.20 in early trading on Tuesday on the Saudi Exchange (Tadawul). With the latest share movement, the company is now the second-largest firm by market cap after Apple.

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