Riyadh — Saudi Aramco shares have shaken off the ravages of an oil-price war to briefly regain the $1.7-trillion valuation that the company achieved in its record-breaking initial public offering (IPO).

The stock rose as much as 2.8% to 32.55 Saudi riyals on Sunday in Riyadh, trading above the 32-riyal IPO level it surrendered a month ago, only to turn negative in the last 10 minutes of the session and finish 0.5% lower...

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