A Saudi broker monitors the stock market at the Arab National Bank in the Saudi capital Riyadh on ... [+] December 11, 2019. As it transpired, in a couple of trading sessions the valuation first hit $1.88 trillion and subsequently $2 trillion, accompanied by a whole lot of market fawning. According to published information, 66.7% of Aramco's issued shares are held by institutional investors equating to 1% of the company’s headline valuation. Hence, it would not cost much to move Aramco's share price in relative terms but the impact of such a position would be several multiples over. In the very next session, a share price uptick to SAR 38.70 and similar volumes took Aramco past $2 trillion.

Source: Forbes December 13, 2019 21:17 UTC