Key Highlights
- TURKI, the Lunate S&P Turkey Shariah ETF, traded AED 309.2k, ranking 1st by value on the ETF board, closed 2.62% higher on the day and traded 6.02 times its seven-day average volume.
- JPANI, the Lunate S&P Japan UCITS ETF, was the board's worst one-day performer at -0.84% and carries AED 292.8k of net weekly selling pressure, the counterpoint to its 3.88% weekly gain from its 2026-09-02 base.
- LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), ranked 2nd by ETF value at AED 61.9k on 2.66 times its average volume, up 1.13% on the day.
- Exchange-wide turnover was AED 1.38bn across 97 active tickers, 27.9% higher than the previous session.
- SCIDC was the equity board's best one-day performer at +7.25%; FNF was the worst at -4.26%.
- FAB, First Abu Dhabi Bank, carries AED 72.04m of net weekly buying pressure alongside a 1.64% one-day gain.
- MODON, Modon Holding PJSC, traded 12.26 times its seven-day average volume on AED 83.42m, closing 3.53% higher on the day.
Market Overview
Wednesday's session on the Abu Dhabi Securities Exchange belonged, on the fund side, to a single ticker. TURKI, the Lunate S&P Turkey Shariah ETF, traded AED 309.2k, nearly half the ETF board's AED 669.8k total by its 46.2% share, on 6.02 times its seven-day average volume, and was also the board's best one-day performer at +2.62%. That combination of top value rank, top volume multiple and top return in one name is the day's ETF story. It came against a broadly active exchange: turnover of AED 1.38bn was 27.9% higher than Tuesday's AED 1.08bn and 7.1% above the average of the 8 prior sessions in the feed.
The tension sits in breadth. Of the 16 ETFs with a one-day base in the preceding session, 8 closed higher, 5 lower and 3 unchanged, with 5 further traded funds excluded because their last close was older. On the equity board, decliners outnumbered gainers, 33 lower against 28 higher and 8 unchanged of 69 measured names, even as heavyweight energy and bank stocks rose. Higher turnover, in other words, did not translate into broad gains.
ETFs
TURKI's session was unusually concentrated. Its AED 309.2k on 36,118 shares made it both the board's largest name by value and its busiest against its own average, and it is up 1.77% over the week from its 2026-09-02 base with AED 40.7k of net weekly buying pressure behind the print.
The next tier was mixed. LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), traded AED 61.9k on 2.66 times its average volume and closed 1.13% higher, though it is down 1.10% over the week and carries AED 54.3k of net weekly selling pressure. UAEA, the Lunate S&P UAE Shariah ETF, ranked 3rd at AED 61.0k, closed unchanged on the day but is up 2.42% over the week and carries AED 112.6k of net weekly buying pressure, the firmest weekly demand signal on the board. JPANI, the Lunate S&P Japan UCITS ETF, was the day's laggard at -0.84% and, despite a 3.88% weekly gain, shows the board's largest net weekly selling pressure at AED 292.8k.
GRMNY, the Lunate S&P Germany UCITS ETF, recovered 1.01% on the day, reversing part of the 2.2% fall flagged in Tuesday's Market Wrap, though on just 0.411 times its average volume. CHADX15, the Lunate FTSE ADX 15 ETF, the board's domestic large-cap tracker, rose 1.36% on 1.82 times its average volume, on a modest AED 7.7k.
Among the smaller prints, SAUDIA, the Lunate S&P KSA Shariah ETF, was the board's second-best performer at +2.12%, though on just AED 2.4k, and USVALUE, the Lunate S&P US Shariah Value ETF, was the thinnest name at 0.007 times its average volume on 19 shares (AED 98). The board's wider tone remains cautious: 7 names carry positive weekly net pressure and 17 negative.
Equities
Equity strength was concentrated in energy and banks. ADNOCGAS, ADNOC GAS PLC, led the board with AED 210.67m traded on 2.99 times its average volume, closing 1.24% higher and carrying AED 45.52m of net weekly buying pressure. ADNOCLS, ADNOC LOGISTICS & SERVICES PLC, rose 2.91% on AED 121.28m and 3.51 times average volume. BILDCO, Abu Dhabi National Co. for Building Materials, added 4.25% and is up 16.38% over the week from its 2026-09-02 base. MODON, Modon Holding PJSC, was the standout volume event among large names, trading 12.26 times its seven-day average on AED 83.42m and closing 3.53% higher. FAB, First Abu Dhabi Bank, ADCB, Abu Dhabi Commercial Bank, and ADIB, Abu Dhabi Islamic Bank, all closed higher, at 1.64%, 2.60% and 1.04% respectively, with FAB's AED 72.04m of net weekly buying pressure the largest among the banks.
The weak spots were away from those clusters. 2POINTZERO, Two Point Zero Group PJSC, eased 0.45% on AED 116.88m after the surge covered in Tuesday's wrap, though it remains up 9.85% over the week and carries AED 72.66m of net weekly buying pressure. ADPORTS, Abu Dhabi Ports Company PJSC, fell 0.48% and carries AED 29.01m of net weekly selling pressure, and ADNOCDIST, Abu Dhabi National Oil Company For Distribution, closed unchanged with AED 39.81m of net weekly selling pressure. Breadth also cut against the headline gains, with 33 of the 69 measured equities lower, four further traded names excluded for lacking a previous-session close and three with no prior close at all.
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