Investment firm Kingdom Holding Co advances on the Saudi bourse as stocks related to domestic demand and
investment outperform in the wake of Saturday's announcement of a record state budget for 2013.
Shares in Kingdom, which develops real estate projects in Saudi Arabia, rise 2.2 percent and Emaar Economic City climbs 0.6 percent.
The finance ministry announced a 19 percent rise in budgeted spending for 2013 and although the increase in actual spending will be different, analysts said budget policy remained expansionary - not a surprise, but still a modest positive for stocks focused on the domestic economy.
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