Saudi Arabia's index .TASI hit a new seven-month peak on Tuesday, but bluechips were little moved in a muted response to the kingdom's record budget.
Saudi plans to spend 580 billion riyals ($155 billion) in 2011 as it tries to create jobs for its fast-growing population.
'Saudi Arabia is still expanding its spending, focusing on education, healthcare and infrastructure and the budget seems to also be aimed at stimulating the private sector,' said Haissam Arabi, chief executive of Gulfmena Alternative Investments.
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