Key Highlights
- TURKI, the Lunate S&P Turkey Shariah ETF, ranked 1st by value on the ETF board at AED 262.1k and closed 2.01% lower on the day, the board's worst one-day move, on 2.77 times its seven-day average volume.
- USTBILL, the Lunate iBOXX US Treasury Bill ETF, traded AED 141.4k, ranking 2nd by value, up 0.11% on the day on 12.50 times its seven-day average volume, with AED 41.6k of net weekly buying pressure.
- AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, fell 1.33% on the day and is down 3.88% over the week from its 2026-09-08 base, carrying AED 110.5k of net weekly selling pressure.
- UAED, the Lunate S&P UAE UCITS ETF, was the ETF board's best one-day performer at +1.19%, though on only AED 11.3k of value.
- Exchange-wide turnover was AED 1.02bn across 96 active tickers, 36.8% lower than the previous session's AED 1.62bn.
- ADCB, Abu Dhabi Commercial Bank, rose 0.49% on the day and is up 6.63% over the week from its 2026-09-08 base, with AED 62.37m of net weekly buying pressure, the largest on the equity board's top rows.
- FERTIGLB, Fertiglobe plc, fell 2.32% on the day and is down 10.28% over the week from its 2026-09-08 base.
Market Overview
Tuesday's session on the Abu Dhabi Securities Exchange was quiet and mixed, with exchange-wide turnover of AED 1.02bn across 96 active tickers, 36.8% lower than the previous session and 16.3% below the average of the 9 prior sessions in the feed. The ETF board, which traded AED 769.0k in total, told the day's most distinct story: risk-country and thematic trackers gave ground while cash-like exposure changed hands at many times its usual pace. TURKI, the Lunate S&P Turkey Shariah ETF, topped the board by value and closed 2.01% lower, while USTBILL, the Lunate iBOXX US Treasury Bill ETF, traded 12.50 times its seven-day average volume as Morgan Stanley joined Goldman Sachs in forecasting a Federal Reserve rate hike.
The counterpoint sat on the equity board, which traded AED 1.02bn and was almost evenly balanced: of the 72 equities with a one-day base in the immediately preceding session, 33 closed lower, 32 closed higher and 7 were unchanged, with 5 further names excluded for having no prior close at all. Banks extended their week's gains while ETF breadth leaned the other way, 9 of the 16 measured funds closing lower against 4 higher and 3 unchanged, with 3 more excluded for lacking a prior close.
ETFs
TURKI carried more than a third of the ETF board's value at AED 262.1k on 31,323 shares and was the board's worst one-day performer, down 2.01% against its 2026-09-14 close on 2.77 times its seven-day average volume. The fund is down 1.19% over the week from its 2026-09-08 base and carries AED 19.7k of net weekly selling pressure.
The clearest signal of caution came from USTBILL, the board's second-largest name by value. It traded AED 141.4k on 15,000 shares, 12.50 times its seven-day average volume of 1,200 shares, and closed 0.11% higher on the day, carrying AED 41.6k of net weekly buying pressure. That activity in a Treasury-bill product coincided with the 10-year Treasury yield rising to its highest since 2007 as rate-hike expectations built ahead of the Fed decision.
AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, ranked 3rd by value at AED 89.1k and fell 1.33% on the day, extending the theme-fund weakness flagged in Monday's Market Wrap as investors weigh a potential AI slowdown for data-centre-linked companies. It is down 3.88% over the week from its 2026-09-08 base and carries AED 110.5k of net weekly selling pressure, with QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, adding a 0.46% one-day decline and AED 133.6k of net weekly selling pressure of its own.
The local trackers were more mixed than on Monday. UAEA, the Lunate S&P UAE Shariah ETF, eased 0.67% on the day on AED 72.6k, though it retains AED 31.4k of net weekly buying pressure, while UAED, the Lunate S&P UAE UCITS ETF, was the board's best one-day performer at +1.19%, on a modest AED 11.3k. As a notable mention, KRBN, the KraneShares Global Carbon Strategy ETF, was the busiest name against its own seven-day average at 125.00 times, but on just 25 shares for AED 3.2k, a normally dormant fund waking briefly rather than a board-moving event.
Equities
Equity strength was concentrated in banks and services names. ADCB, Abu Dhabi Commercial Bank, rose 0.49% on AED 78.42m and is up 6.63% over the week from its 2026-09-08 base, with AED 62.37m of net weekly buying pressure. ADIB, Abu Dhabi Islamic Bank, added 0.34% on AED 73.17m with AED 56.65m of net weekly buying pressure, and FAB, First Abu Dhabi Bank, gained 0.71%. ADNOCLS, ADNOC Logistics & Services PLC, rose 1.62% on AED 86.94m and is up 9.32% over the week from its 2026-09-08 base.
The weak spots were led by the day's biggest traded name. ALDAR, Al Dar Properties, ranked 1st by value at AED 107.14m and closed 0.89% lower on 1.54 times its seven-day average volume. FERTIGLB, Fertiglobe plc, fell 2.32% on the day and is down 10.28% over the week from its 2026-09-08 base, carrying AED 24.03m of net weekly selling pressure. ADPORTS, Abu Dhabi Ports Company PJSC, traded only 0.061 times its seven-day average volume and carries AED 119.04m of net weekly selling pressure, the largest negative reading among the board's top rows.
ESG was the equity board's best one-day performer at +12.68%, on 86,821 shares (AED 1.24m), while ABNIC was the worst at -4.89%, on a small AED 72.5k print. For GCC-focused investors the read is that Abu Dhabi's bank names, not its ETFs or energy-adjacent stocks, absorbed the week's buying pressure into a lower-turnover session.
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.