Key Highlights
- USGRWTH, the Lunate S&P US Shariah Growth ETF, topped the ETF board at AED 366.0k, closed 0.55% higher on the day and is up 3.61% over the week from its 2026-09-14 base, carrying AED 2.16m of net weekly buying pressure.
- TURKI, the Lunate S&P Turkey Shariah ETF, was the ETF board's worst one-day performer at -1.86%, and is down 8.01% over the week from its 2026-09-11 base.
- UAED, the Lunate S&P UAE UCITS ETF, ranked 2nd by ETF value at AED 124.3k and closed 0.50% lower on the day.
- PUREHEALTH, Pure Health Holding PJSC, was the best equity performer, up 6.34% on the day on 5.38 times its seven-day average volume (AED 82.79m traded).
- IHC, International Holding Company PJSC, was the worst equity performer at -4.58% on the day, on just 78,459 shares (AED 28.79m).
- Exchange-wide turnover was AED 843.55m, 53.9% lower than the previous session and 34.4% below the nine-session average of AED 1.29bn.
- Exchange-wide, AED 47.41m more value crossed at the bid than at the ask.
Market Overview
Monday's session on the Abu Dhabi Securities Exchange was quiet and slightly heavy. Exchange-wide turnover of AED 843.55m across 95 active tickers was 53.9% lower than Friday's AED 1.83bn and 34.4% below the average of the nine prior sessions. On the ETF board, USGRWTH, the Lunate S&P US Shariah Growth ETF, was the exception to a soft tape: it led the board by value at AED 366.0k, added 0.55% on the day and sits 3.61% higher over the week from its 2026-09-14 base, backed by AED 2.16m of net weekly buying pressure, the largest positive figure on the fund board.
The tension is that one fund's strength sat against broad drift. Of the 17 ETFs measured against Friday's close, 11 ended lower, 4 higher and 2 unchanged, with 5 further funds not trading on Friday. That reverses the picture in Friday's wrap, when 10 of 15 measured ETFs closed higher. On the equity board, 32 of 67 measured names fell against 21 gainers, and AED 47.41m more value crossed at the bid than at the ask exchange-wide, so the session's headline gains were concentrated rather than broad.
ETFs
USGRWTH carried the board. Its AED 366.0k on 39,949 shares was the largest ETF print by value, though volume ran at 0.844 times its seven-day average of 47,325 shares, so the day's gain came on slightly lighter than normal trading. The week-long pattern, a 3.61% advance with AED 2.16m of net weekly buying pressure, marks it as the fund board's clearest source of demand-side executions this week.
UAED, the Lunate S&P UAE UCITS ETF, ranked second at AED 124.3k and slipped 0.50% on the day, though it traded 1.10 times its seven-day average volume and remains up 0.68% over the week from its 2026-09-14 base. CHADX15, the Lunate FTSE ADX 15 ETF, closed unchanged on 1.68 times normal volume, and is flat over the week, mirroring the indecision on the wider equity board.
The board's laggard by return and by weekly damage was TURKI, the Lunate S&P Turkey Shariah ETF, down 1.86% on the day and 8.01% over the week from its 2026-09-11 base, on less than half its usual volume. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, gave back 0.87% on the day on 1.69 times average volume, trimming a week that is still 3.65% higher; Friday's wrap had flagged it as the board's leader.
Among income-oriented funds of the kind compared in Nukoud's recent dividend and income ETF review, GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, eased 0.28% on the day, and KWIN, the KraneShares Wahed Alternative Income Index ETF, slipped 0.11% on a thin 106-share print. SUKUK, the Lunate JP Morgan Global Sukuk ETF, was the board's thinnest name among the ETFs that traded today, yet still carries AED 1.37m of net weekly buying pressure, second only to USGRWTH on the board. The busiest fund against its own average was LUXURY, the Boreas S&P Absolute Luxury UCITS ETF, at 16.01 times, though a normally dormant name on just AED 29.8k; its most recent prior close is 2026-09-17, so it has no one-day move. Across the board, 17 ETFs carry positive weekly net pressure against 7 negative.
Equities
Equity strength was narrow. PUREHEALTH, Pure Health Holding PJSC, rose 6.34% on the day on 30,155,024 shares, 5.38 times its seven-day average volume, ranking 2nd by value at AED 82.79m; it is up 10.89% over the week from its 2026-09-14 base with AED 33.87m of net weekly buying pressure. PHX, Phoenix Group PLC, added 4.25% on 3.17 times normal volume. Among the banks, FAB, First Abu Dhabi Bank, gained 1.83% and ADCB, Abu Dhabi Commercial Bank, added 0.50%; ADCB carries AED 55.08m of net weekly buying pressure, the largest positive figure among the board's leaders.
The weak side was led by the heavyweights. ALPHADHABI, Alpha Dhabi Holding PJSC, the day's largest equity by value at AED 85.87m, fell 1.82%. IHC, International Holding Company PJSC, dropped 4.58%, the worst measured equity move, on only 78,459 shares, and carries AED 49.46m of net weekly selling pressure. ADNOCGAS, ADNOC Gas PLC, eased 0.61% with AED 45.04m of net weekly selling pressure. Across the board, 49 equities carry negative weekly net pressure against 36 positive. PUREHEALTH's run from its 2026-09-14 base, now 10.89%, is the concrete thing to track into the next 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.