Saudi Arabia’s oil giant Aramco reclaimed the spot of the world’s most valuable company after a relatively steady performance in Riyadh so far this month, while shares in Apple plunged amid a wider sell-off in tech stocks in New York. According to estimates from Bloomberg , Aramco – which became the world’s largest listed firm by market capitalization with its listing in December 2019 – has regained the top spot that Apple has held since July 2020 when U.S. equities and tech stocks in particular rallied on U.S. economic stimulus. At the end of July, Apple unseated oil giant Saudi Aramco as the world’s most valuable company amid a broad rally in U.S. stocks, especially tech stocks. The rally continued into August but came to a halt in September. So far in September, Saudi Aramco’s shares have risen by 1.1 percent on the Saudi stock exchange Tadawul, while Apple’s […]