Key Highlights
- BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, was the busiest ETF versus its own seven-day average at 1.75 times, on 6,749 shares, and closed 0.28% lower on the day.
- UAEA, the Lunate S&P UAE Shariah ETF, ranked 1st by value on the ETF board at AED 28.8k, closed 0.68% higher on the day and carries AED 82.1k of net weekly buying pressure.
- LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), was the day's worst ETF at -0.57%; UAED, the Lunate S&P UAE UCITS ETF, was the best at +1.03%, though on just AED 236.
- ADNOCLS, ADNOC Logistics & Services PLC, was the equity board's best one-day performer at +3.65% on AED 26.05m traded.
- FERTIGLB, Fertiglobe plc, was the worst equity at -3.55% on the day, on AED 21.32m.
- Exchange-wide turnover was AED 287.04m across 83 active tickers, 77.4% lower than the previous session's AED 1.27bn.
- On the ETF board, 7 names carry positive weekly net pressure and 17 negative.
Market Overview
Friday's session on the Abu Dhabi Securities Exchange was defined by a sharp drop in activity and a fixed-income signal on the fund board. Exchange-wide turnover was AED 287.04m, 77.4% lower than Thursday's AED 1.27bn and 77.5% below the average of the 9 prior sessions in the feed. Against that thin backdrop, BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, stood out as the busiest ETF relative to its own seven-day average at 1.75 times, a move that lands as rate-rise fears ripple through global bond markets.
The tension is in direction. Despite the collapse in value traded, breadth leaned positive: of the 61 equities measured against the previous close, 30 closed higher, 17 lower and 14 unchanged, and AED 6.94m more value crossed at the ask than at the bid exchange-wide. The ETF board pointed the other way, with 8 of 13 measurable funds closing lower and only 3 higher.
ETFs
UAEA, the Lunate S&P UAE Shariah ETF, took the top spot by value on a board that traded AED 74.1k in total, changing hands for AED 28.8k on 3,243 shares and closing 0.68% higher on the day. It is up 1.13% over the week from its 2026-09-04 base and carries the board's standout AED 82.1k of net weekly buying pressure, a UAE-exposure bid that sits comfortably with the fastest UAE non-oil growth since December 2024.
BONDAE was the day's volume story. The bond fund traded AED 24.0k on 6,749 shares, 1.75 times its seven-day average, while easing 0.28% on the day and 1.66% over the week from its 2026-09-03 base, with AED 47.6k of net weekly selling on the tape. Elevated activity in a Gulf bond fund alongside a lower close fits a week in which Treasury yields surged to multiyear highs before steadying. SUKUK, the Lunate JP Morgan Global Sukuk ETF, showed the same activity signal with a different result: 1.46 times its average volume on AED 4.8k, closing 0.27% higher.
Elsewhere the board was thin. USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 3rd by value at AED 6.5k but on just 0.088 times its average volume, closing 0.22% lower. LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), was the worst measurable fund at -0.57% and is down 2.23% over the week from its 2026-09-04 base. The best one-day performer, UAED, the Lunate S&P UAE UCITS ETF, rose 1.03%, though on a trivial AED 236.
The thinnest name was CHHK, the Lunate S&P China HK Shariah ETF, at 0.005 times its average on 29 shares (AED 111); it also carries AED 117.8k of net weekly selling pressure, the heaviest on the board. Across all funds, 7 names carry positive weekly net pressure and 17 negative. JPANI, the Lunate S&P Japan UCITS ETF, which led Thursday's fund board, did not trade at all on Friday.
Equities
The equity board traded AED 286.97m, with value concentrated at the top. 2POINTZERO, Two Point Zero Group PJSC, ranked 1st at AED 29.63m, closing 1.33% higher on the day and up 11.22% over the week from its 2026-09-04 base with AED 69.16m of net weekly buying pressure. ADNOCLS, ADNOC Logistics & Services PLC, was the day's best performer at +3.65% on AED 26.05m, extending its week to +7.57%. ASM, Al Seer Marine Supplies & Equipment Company P.J.S.C, added 2.52% on 1.04 times its average volume and is up 26.85% over the week from its 2026-09-04 base, extending the surge flagged in Thursday's wrap. APEX, APEX Investment PJSC, was the only large name above its average volume at 1.23 times, on AED 28.30m, easing 0.26%.
The weak spot was FERTIGLB, Fertiglobe plc, the board's worst one-day performer at -3.55% on AED 21.32m, carrying AED 19.41m of net weekly selling pressure. ANAN, Anan Investment Holding P.J.S.C, fell 0.86%, and ALPHADHABI, Alpha Dhabi Holding PJSC, closed unchanged while carrying AED 43.08m of net weekly selling, the largest such figure among the top names. Breadth still favoured gainers, 30 higher against 17 lower of the 61 measurable names, with 3 further equities excluded for lacking a previous-session close and 4 with no prior close at all. Whether Friday's thin AED 287.04m tape recovers towards the nine-session average of AED 1.28bn is the figure to watch into next week.
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.