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SINGAPORE: Sales of marine bunker fuel at the UAE’s Fujairah port rebounded in July after a slump in June to their highest in three months, official data showed. 

July sales totaled 640,715 cubic meters (about 635,000 tonnes), up 13.8 percent from June, based on Fujairah Oil Industry Zone data published by S&P Global Commodity Insights. 

The stronger volumes were led by a boost in high-sulfur marine fuel sales, which soared to their highest since January 2024, climbing 28.4 percent from June to 205,597 cubic meters in July. 

A wider price difference between low-sulfur fuel oil and high-sulfur fuel oil likely drove more sales of the high-sulphur variety in July. 

The front-month hi-5 price spread, which reflects the premium of low-sulphur over high-sulphur fuel oil, hit a six-month high of over $95 a tonne near mid-July, LSEG data showed.

Meanwhile, low-sulfur marine fuel sales, including low-sulfur fuel oils and marine gasoils, rose 8 percent to 435,118 cubic meters. 

The market share of high-sulfur bunkers widened to 32 percent in July, while low-sulfur bunkers narrowed to 68 percent. 

RIYADH: ��������’s Tadawul All Share Index edged down on Monday, slipping 11.81 points, or 0.11 percent, to close at 10,885.58. 

Total trading turnover of the benchmark index was SR3.86 billion ($1.03 billion), with 104 stocks advancing, while 148 declined. 

The MSCI Tadawul Index also decreased, dropping 1.9 points, or 0.14 percent, to close at 1,407.55. 

The Kingdom’s parallel market, Nomu, lost 110.54 points, or 0.41 percent, to close at 26,522.54. This comes as 41 stocks advanced, while 48 retreated. 

The best-performing stock was National Metal Manufacturing and Casting Co., with its share price rise by 6.54 percent to SR17.10. 

Other top performers included Rabigh Refining and Petrochemical Co., which saw its share price increase by 5.94 percent to SR7.67, and Retal Urban Development Co., which saw a 4.62 percent rise to SR13.59. 

Fawaz Abdulaziz Alhokair Co. posted the steepest decline of the session, with its shares down 3.82 percent to SR23.95. 

Almoosa Health Co. saw its shares fall 3.58 percent to SR166.90, while Al Maather REIT Fund declined 3.21 percent to SR9.06. 

On the announcements front, View United Real Estate Development Co. signed a Shariah-compliant credit facility agreement with Al Rajhi Bank worth SR13.5 million.   

According to a statement on Tadawul, the deal’s goal is to finance the purchase of land in Riyadh with the aim of implementing View’s strategic plan to increase its real estate development projects.   

The company’s share price remained unchanged at SR6.06 on Nomu. Meanwhile, Al Rajhi Bank’s shares closed 0.42 percent higher at SR95.30 on the main market. 

ASG Plastic Factory Co. reported interim financial results for the first six months of 2025, with net profit reaching SR16.5 million. The company reported an 11 percent drop in net profit for the first half of the year compared to the same period in 2024. 

The decline was driven by weaker performance in the pipes and fittings subsidiary, higher operating expenses, including increased depreciation from new production lines and rising salary costs due to expanded staffing, as well as elevated selling and marketing expenses from higher shipping volumes and additional promotional campaigns. 

The company’s shares closed 1.73 percent lower at SR51.10. 

Similarly, Atlas Elevators General Trading and Contracting Co. also announced its preliminary financial results for the first half of 2025. 

In a corrective statement, the company said that net profit for the current period amounted to SR4.35 million, a 52.5 percent year-on-year drop. 

Its shares closed 2.02 percent higher at SR17.