Saudi Aramco falls for the first time since its record-breaking IPO, putting a halt to its 4-day run

Saudi Aramco falls for the first time since its record-breaking IPO, putting a halt to its 4-day run

Saudi Aramco sank for the first time since its record-breaking initial public offering, closing about 0.7% lower on Tuesday.

The company's stock was first offered for 32 riyals ($8.53) per share on December 10, and is still up about 18% from its IPO price.

The drop comes just one day before Aramco's inclusion in the MSCI Emerging Markets Index. The index serves as a foundation for several passive investment vehicles, and the oil company's addition is set to drive increased demand from funds tracking MSCI.

Watch Aramco trade live here.

Saudi Aramco fell for the first time since its record-shattering initial public offering, closing roughly 0.7% lower on Tuesday after rising for four days.

Aramco closed at 37.75 riyals ($10.06) per share Tuesday on Saudi Arabia's Tadawul exchange. The company's stock was first offered for 32 riyals ($8.53) on December 10, and is still up about 18% from its IPO price.

The drop comes just one day before Aramco's inclusion in the MSCI Emerging Markets Index. The influential index serves as a foundation for several passive investment vehicles, and the company's addition will likely spur increased demand as funds tracking the MSCI index buy up shares.

Aramco will also join the Tadawul index on Wednesday and the