Aramco shares rise to record high

Saudi Aramco (2222.SE) shares surged as much as 4.2 per cent to a record high 42.25 riyals ($11.26) on Thursday as oil prices breached the $100 a barrel after Russia attacked Ukraine.

Brent crude (.LCOc1) topped $100 a barrel for the first time since 2014, exacerbating concerns that a war in Europe could disrupt global energy supplies.

Shares of Aramco are up for a third consecutive day and have gained more than 16 per cent year to date. Saudi Arabia’s benchmark index (.TASI) was down 2.2 per cent in afternoon trade.