MIDEAST STOCKS-Land tax plan shakes up Saudi market; ruler's return boosts Oman | Markets | Reuters:
"A sell-off in the property sector slowed Saudi Arabia's advance on Tuesday after the government approved a plan to tax undeveloped land, while Oman rallied because of the return of Sultan Qaboos after lengthy medical treatment abroad.
The main Saudi index inched up 0.1 percent as food maker Savola Group extended its rebound, jumping 2.9 percent.
Another major support was Saudi Cement Co, which rose 2.5 percent. Major builder Abdullah Abdul Mohsin al-Khodari and Sons jumped 2.8 percent and modular building producer Red Sea Housing Services rose 3.7 percent after the Riyadh government took a major step towards implementing its stalled housing programme."
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