Key Highlights
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, traded AED 293.1k, ranking 1st by value on the ETF board, at 5.52 times its seven-day average volume; it is down 6.44% over the week from its 2026-08-26 base and carries AED 339.5k of net weekly selling pressure.
- CHHK, the Lunate S&P China HK Shariah ETF, was the worst one-day performer on the ETF board at -2.99%, on 4.38 times its seven-day average volume.
- GRMNY, the Lunate S&P Germany UCITS ETF, was the board's busiest name versus its own average at 121.22 times, though on just 27,275 shares (AED 136.9k).
- Exchange-wide turnover was AED 1.34bn across 99 active tickers, 10.4% higher than the previous session (2026-09-02).
- SPACE42, SPACE42 PLC, closed 6.67% higher on the day on 3.50 times its seven-day average volume, and is up 15.56% over the week from its 2026-08-26 base.
- FERTIGLB, Fertiglobe plc, closed 5.77% higher on the day on 6.14 times its seven-day average volume.
- IHC, International Holding Company PJSC, carries AED 161.31m of net weekly selling pressure, the heaviest among the equity board's largest names.
Market Overview
Thursday's ADX session was an active one led from the equity side but with a distinct ETF signal at the top of the fund board. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, took 42.5% of the board's AED 689.0k total, trading AED 293.1k at 5.52 times its seven-day average volume while closing 0.46% lower on the day. Exchange-wide turnover of AED 1.34bn was 10.4% higher than the previous session and 8.9% above the average of the 8 prior sessions in the feed.
The tension sat between price and pressure. Equity breadth was firmly positive, with 47 of 71 measured names higher against 14 lower and 10 unchanged (five further traded names were excluded from that count for lacking a previous-session close), yet AED 56.20m more value crossed at the bid than at the ask exchange-wide, and on the ETF board 11 of 21 measured names closed lower against 10 higher, with two funds excluded for having no prior close.
ETFs
QUANTM was the fund board's story for a second dimension beyond the day's price: it is down 6.44% over the week from its 2026-08-26 base and carries AED 339.5k of net weekly selling pressure, the largest such figure on the board. High volume paired with executions skewed to the bid marks the fund as the board's most actively repositioned name.
USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 3rd by value at AED 71.0k and closed 1.35% higher on the day, though it carries AED 272.8k of net weekly selling pressure despite being up 0.90% over the week. CHHK, the Lunate S&P China HK Shariah ETF, was the board's worst performer at -2.99% on 4.38 times its average volume, taking its weekly decline to 4.65% from its 2026-08-26 base. UAEA, the Lunate S&P UAE Shariah ETF, gained 0.81% on the day and carries AED 193.8k of net weekly buying pressure, the standout positive reading on a board where 9 names carry positive weekly net pressure and 15 negative.
GRMNY, the Lunate S&P Germany UCITS ETF, normally close to dormant, traded 121.22 times its seven-day average volume, though on just AED 136.9k, and has no one-day move as its most recent prior close is 2026-08-31. KRBN, the KraneShares Global Carbon Strategy ETF, traded AED 2.9k on 23 shares, a thin print consistent with the fund's extended run of underperformance beyond US policy factors covered this week.
TURKI, the Lunate S&P Turkey Shariah ETF, faded back to obscurity after Wednesday's volume surge, trading just AED 1.7k at 0.041 times its average and closing 0.95% lower on the day. JPANI, the Lunate S&P Japan UCITS ETF, was technically the board's best performer at +1.59%, but on only 13 shares (AED 75), the thinnest print on the board relative to its own average.
Equities
Equity strength was broad but its turnover was concentrated. ALDAR, Al Dar Properties, led by value at AED 139.71m, closing 0.93% higher on 1.45 times its seven-day average volume. SPACE42, SPACE42 PLC, added 6.67% on the day on 3.50 times its average volume with AED 40.15m of net weekly buying pressure, extending its weekly gain to 15.56% from its 2026-08-26 base. FERTIGLB, Fertiglobe plc, rose 5.77% on 6.14 times its average volume, the sharpest volume event among the large names, and ESHRAQ, ESHRAQ INVESTMENTS PJSC, gained 5.49% on 113,841,052 shares.
The weak spot was IHC, International Holding Company PJSC, which slipped 0.27% on the day and carries AED 161.31m of net weekly selling pressure, by far the largest negative reading among the board's biggest names. FAB, First Abu Dhabi Bank, eased 0.62% on thin volume at 0.443 times its average. Weekly net pressure across the equity board remained tilted negative, with 41 names positive and 48 negative, so the day's breadth has yet to reverse the week's order-book skew.
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.
