Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

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
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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