MIDEAST STOCKS-Saudi cement shares surge on eve of 2018 state budget:
"Saudi Arabia’s stock market surged on Monday as cement firms climbed before the release of the government’s 2018 budget, which is expected to include an increase in infrastructure spending.
The Saudi stock index surged 1.4 percent in active trade. Five of the 10 most heavily traded shares and six of the 10 top gainers were cement firms, with Najran Cement jumping 6.0 percent after a 4.5 percent gain on Sunday.
Analysts generally expect a moderate increase in spending in the 2018 budget and for deficit-cutting to slow considerably as the government focuses more on supporting growth; infrastructure spending may rise after two years of austerity."
'via Blog this'
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