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

The total trading turnover of the benchmark index was SR3.86 billion ($1.03 billion), with 104 of the listed 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 of the listed 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. 

Al Rajhi Bank’s shares closed 0.42 percent higher at SR95.30. 

In another announcement, 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.

RIYADH: Oman’s public debt fell 2.08 percent year on year to 14.1 billion rials ($36.7 billion) in the second quarter of 2025, supported by Finance Ministry payments to the private sector. 

The ministry disbursed over 749 million rials during the period, with transactions settled within an average of five working days, helping boost liquidity in local markets, the Oman News Agency reported. 

The decline in debt highlights Muscat’s ongoing fiscal consolidation drive, supported by higher non-oil revenue and spending discipline. 

Fitch Ratings recently affirmed the sultanate’s long-term foreign-currency issuer default rating at BB+ with a positive outlook, citing stronger fiscal tools and an improved debt profile. 

Oman’s public revenue by the end of the second quarter totaled 5.84 billion rials, “reflecting a 6 percent decrease from 6.20 billion rials recorded during the same quarter of 2024,” ONA said. 

It added: “The decline is largely due to a fall in hydrocarbon revenue.” 

Net oil revenue amounted to 3.02 billion rials, a 10 percent decline from 3.36 billion rials a year earlier, reflecting lower average oil prices and production. Net gas revenue fell 6 percent to 884 million rials. 

In contrast, current revenue rose 2 percent year on year to 1.93 billion rials. 

Public spending reached 6.09 billion rials, up 5 percent from a year earlier, driven mainly by higher development expenditure. Current expenditure stood at 4.12 billion rials, marking a 1 percent decline. 

By the end of the quarter, ministries and government units had spent 688 million rials on development projects, accounting for 76 percent of the 900 million rials allocated for the year, reflecting faster progress on ongoing initiatives. 

Contributions and other expenses climbed 7 percent year on year to 1.16 billion rials. Subsidy allocations included 339 million rials for the electricity sector, 289 million for the social protection system, and 44 million for fuel support. An additional 200 million rials was directed to the future debt obligations budget. 

Spending on social sectors and basic services totaled 3.12 billion rials during the period.