'Vindication' - Saudi Arabia hails 10% debut jump in Aramco shares
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RIYADH/DUBAI (Reuters) - Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, in a move hailed by the government as a vindication of its towering $2 trillion (£1.56 trillion) valuation of the state oil company.The shares leapt to 35.2 riyals ($9.39) each, up from the initial public offering (IPO) price of 32 riyals and at the daily limit of price moves allowed by the Tadawul exchange.That gives Saudi Arabian Oil Co (Aramco)..