Shares in Saudi Aramco dipped 3.27 percent on Thursday as the oil giant was hit by profit-taking, ending the trading week in Saudi Arabia among the top losers today, and wiping out a third of the rally at the start of the blockbuster initial public offering (IPO). Aramco’s shares underperformed on Thursday both the Tadawul All Share Index (TASI) which closed up 0.46 percent, and the MSCI Tadawul 30 Index which gained 0.8 percent. The stock of the world’s largest oil company dropped on Thursday for a third consecutive trading day . Aramco is now down by a cumulative 6 percent compared to the highest closing price it reached this past Monday. On Thursday, Aramco’s shares closed at US$9.46 (35.50 Saudi riyals), down from last week’s closing price of US$9.80 (36.80 riyals). The highest closing price in just over a week of trading was registered on Monday, at US$10.12 […]