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Tadawul bourse stays firm, despite regional index losses

The Tadawul market in Riyadh gained 0.19% to reach 6,723.64 points. It was the only gaining index in the GCC on Wednesday. Jouf Cement was the most liquid sharea and the top gainer on Wednesday (up 7.35% at SR16.80). Building companies benefit form a planned spending spree amounting to SR130bn HH Saudi King Abdullah, Custodian of The Two Holy Mosques, announced in mid-March. The budget is aimed to build schools, hospitals, roads and to create jobs for young Saudi nationals. Over the week, the Tadawul market added 0.56%. The market will remain closed on Thursday, marking the first day of the Saudi holiday but a debate about shifting the weekend to Friday and Saturday has received momentum this week.