Jan 5 (Reuters) - **Saudi Arabia's state-owned oil company,Aramco's 2222.SE shares dropped 1% reaching 34.8 riyals($9.28), reaching its lowest since its debut trade

** Some 363.6 million riyals ($96.94 million) worth ofAramco shares were traded, Around 10.3 million shares exchanginghands, Refinitiv data showed

** It's shares were priced at 32 riyal ($8.53) each, top endof indicative price range, raising $25.6 billion and beatingAlibaba Group Holding Ltd's BABA.N record $25 billion listingin 2014

** However, the shares on Dec. 11 opened at 35.2 riyal, 10%above their IPO price of 32 riyals, in their first day oftrading

** Saudi stock index .TASI was down 1.7% as Gulf boursesfell sharply on escalating tensions between the United Statesand Iran($1 = 3.7500 riyals)

($1 = 3.7507 riyals)

(Reporting by Ateeq Shariff in Bengaluru) ((AteeqUr.Shariff@thomsonreuters.com; +918067497129;))