MIDEAST STOCKS-Saudi cement shares see profit-taking after budget; Qatar loses steam:
"Saudi Arabia’s stock market stalled in early trade on Wednesday as cement shares ran into profit-taking after the release of the 2018 state budget, while Qatar’s market also pulled back after a leap on Tuesday.
The Saudi index was almost flat after an hour. Six of the 10 biggest losers were cement stocks, with Tabuk Cement sinking 1.6 percent.
Cement shares had surged in the days before the release of the budget as investors anticipated an increase in infrastructure spending after a couple years of austerity."
'via Blog this'
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