Sunday 17 December 2017

MIDEAST STOCKS-Region edges up, building-related shares boost Saudi before budget

MIDEAST STOCKS-Region edges up, building-related shares boost Saudi before budget:

"Middle Eastern stock markets edged up in quiet trade on Sunday, with construction and building materials stocks boosting Saudi Arabia ahead of the release of its 2018 state budget this week.

Saudi Arabia’s index added 0.3 percent as builder Khodari surged 7.6 percent in its heaviest trade since January. Najran Cement gained 4.5 percent and in addition to Khodari, the 10 best-performing stocks featured six cement producers.

The state budget, to be announced on Tuesday, is expected to be modestly expansionary and include a rise in infrastructure spending after two years of austerity."



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