Key Highlights
- KWEB, the KraneShares CSI China Internet ETF, fell 2.5% on the day and 5.3% on the week, the worst ETF return in both windows; CHHK, the Lunate S&P China HK Shariah ETF, posted the largest weekly ETF net outflow at AED -44k, in line with reported China fund outflows on the ADX.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, gained 0.8% on the day and 6.0% on the week with AED 217k of weekly net inflows, the largest of any ETF.
- GRMNY, the Lunate S&P Germany UCITS ETF, traded 10,039 shares versus a 7-day average of 1,214, 8.3 times normal (Nukoud calculations based on Nukoud Analytics), while slipping 0.8% on the day.
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the most traded ETF by value at AED 146.0k, flat on the day and down 0.8% on the week.
- EAND, the Emirates Telecom. Group Company (Etisalat Group) PJSC, was the strongest large equity, up 1.5% on the day on 2.0 times its 7-day average volume.
- ADPORTS, the Abu Dhabi Ports Company PJSC, fell 2.5% on the day, the steepest equity decline, on volume 9% above its 7-day average.
- IHC, the International Holding Company PJSC, carried the largest weekly net outflow on the board at AED -186.0m, versus ADNOC Gas's AED +252.7m weekly inflow.
Market Overview
The clearest story on the Abu Dhabi Securities Exchange on 14 August was a rotation within its ETF shelf, away from China and towards technology themes. KWEB, the KraneShares CSI China Internet ETF, fell 2.5% on the day and is down 5.3% over the week, while CHHK, the Lunate S&P China HK Shariah ETF, recorded the week's largest ETF net outflow at AED -44k, a pattern Nukoud has already flagged as China fund outflows weighing on ADX ETFs. On the other side, QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, added 0.8% on the day, 6.0% on the week, and drew AED 217k of weekly net inflows, the largest on the ETF board.
The rotation was not clean. AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, another technology theme, fell 0.8% on the day despite trading roughly 1.5 times its normal volume, and carries a AED -67k weekly outflow. Equities gave no unified direction either: EAND rose 1.5% on heavy turnover while ADNOC Gas, the day's most traded stock at AED 118.64m, fell 0.9%.
ETFs
The China pairing set the tone. KWEB's 2.5% one-day fall came on 82 shares, 2.2 times its small 7-day average, and its 5.3% weekly decline was the worst of any ETF row. CHHK slipped 0.7% on just 14% of its normal volume, but its AED -44k weekly net outflow was the largest on the shelf, consistent with the reported outflows from China-exposed ADX funds.
QUANTM was the standout by flows and return. Its AED 217k weekly net inflow dwarfed every other ETF's, and its 6.0% weekly gain was the best on the board. Today's 30,128 shares (AED 74.5k) ran at 71% of its 7-day average, so the inflow story is a weekly one, not a single-session volume spike.
GRMNY was the volume anomaly. It traded 10,039 shares against a 1,214-share average, 8.3 times normal (Nukoud calculations based on Nukoud Analytics), worth AED 50.0k, yet fell 0.8% and shows a AED -56k weekly outflow. TURKI, the Lunate S&P Turkey Shariah ETF, and SAUDIA, the Lunate S&P KSA Shariah ETF, also traded well above average, at 8.3 and 4.6 times respectively, though on small absolute counts.
GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, remained the shelf's liquidity anchor at AED 146.0k of trading value, the highest of any ETF, though volume was only 76% of its 7-day average. It was flat on the day and down 0.8% on the week, the shedding Nukoud reported alongside the China outflows, even as it kept a positive AED 93k weekly net inflow. USGRWTH, the Lunate S&P US Shariah Growth ETF, traded 2.3 times its normal volume but carries the largest US-fund weekly outflow at AED -83k. CHADX15, the Lunate FTSE ADX 15 ETF, did not trade at all against a 1,152-share average.
Equities
Equity strength was narrow. EAND, the Emirates Telecom. Group Company (Etisalat Group) PJSC, rose 1.5% on the day on 4.4m shares, twice its 7-day average, worth AED 92.67m. ADNOCLS, the ADNOC Logistics & Services PLC, added 0.8% and is up 5.0% on the week with a AED 54.7m weekly net inflow. FAB, the First Abu Dhabi Bank, and ADCB, the Abu Dhabi Commercial Bank, posted modest 0.3-0.4% one-day gains.
The weak spots were broader. ADPORTS, the Abu Dhabi Ports Company PJSC, fell 2.5%, the day's largest equity decline. ADNOCGAS, the ADNOC Gas PLC, topped the value table at AED 118.64m yet fell 0.9% on just 53% of its normal volume, and ALDAR, the Al Dar Properties, lost 0.8% on 1.4 times average volume.
Flow signals also diverged from prices. IHC, the International Holding Company PJSC, shows a AED -186.0m weekly net outflow, the largest on the exchange, while ADNOC Gas holds a AED +252.7m weekly inflow despite its negative one-day and one-week returns. BOROUGE, the Borouge PLC, gained 0.4% on 1.9 times normal volume yet carries a AED -42.6m weekly outflow.
This article was created with AI assistance and reviewed by our Editorial staff before publication. This article is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Please review the relevant securities website and factsheets before making any investment decision. See our full disclosures.
