Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Largest listed firm in the world Saudi Aramco shaved off Doller 560 Mn

Global IndexesMar 12, 2020
Largest listed firm in the world Saudi Aramco shaved off Doller 560 Mn
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The share price of the energy giant Saudi Aramco dropped by the daily maximum of 10% for the second day in a row. Aramco shares fell below their 32 riyals initial public offering price for the first time since trading began in December. The December IPO valued the company at $1.7 trillion in the world’s biggest share offering. The crash in oil prices comes at a time when all the six nations -- Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates -- have been struggling to meet persistent budget deficit as they resort to austerity measures.


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