Tuesday 19 December 2017

MIDEAST STOCKS-Saudi flat early on, cement shares lose ground | ZAWYA MENA Edition

MIDEAST STOCKS-Saudi flat early on, cement shares lose ground | ZAWYA MENA Edition:

"Saudi Arabia's stock market was flat in early trade on Tuesday as some cement shares, which had surged in recent days on hopes that the 2018 state budget would boost infrastructure spending, lost ground. Najran Cement gained 0.9 percent as Northern Region cement slipped 1.0 percent. The budget will be announced after the market closes on Tuesday and is expected to feature a moderate increase in spending as the government seeks to lift flagging economic growth. "



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