Key Highlights
- CHADX15, the Lunate FTSE ADX 15 ETF, traded AED 234.5k on 62,231 shares, 4.94 times its seven-day average volume, closing 1.33% higher on the day
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, closed 2.20% higher on the day on 3.07 times its average volume, and is up 6.42% over the week from its 2026-09-15 base
- USGRWTH, the Lunate S&P US Shariah Growth ETF, rose 1.31% on the day but traded only 0.250 times its seven-day average volume; it carries AED 2.06m of net weekly buying pressure, the board's largest
- Exchange-wide turnover was 30.4% higher than the previous session's AED 843.55m, yet 12.7% below the average of the 9 prior sessions
- SPACE42, SPACE42 PLC, gained 3.65% on the day on AED 49.56m, 1.47 times its average volume
- ADIB, Abu Dhabi Islamic Bank, rose 1.21% on the day but carries AED 45.22m of net weekly selling pressure and is down 1.93% over the week from its 2026-09-15 base
- EMSTEEL, EMSTEEL BUILDING MATERIALS PJSC, was the busiest equity versus its own average, at 7.00 times, gaining 3.31% on AED 12.15m
Market Overview
Abu Dhabi's ETF board turned decisively higher on Tuesday, and its largest name by value was also its busiest. CHADX15, the Lunate FTSE ADX 15 ETF, traded AED 234.5k on 62,231 shares, 4.94 times its seven-day average volume, and closed 1.33% higher on the day. Of the 17 ETFs measured against the immediately preceding session, 13 closed higher, 3 lower and 1 unchanged, with one further fund excluded for having no prior close. The recovery in fund trading came alongside a broader rebound: exchange-wide turnover of AED 1.10bn was 30.4% higher than Monday's AED 843.55m, reversing the slump flagged in Monday's Market Wrap.
The counterpoints sit in the detail. Turnover, despite the rebound, was still 12.7% below the average of the 9 prior sessions, and CHADX15's heavy print came with AED 29.9k of net weekly selling pressure, so the elevated volume was not one-sided demand. On the equity board breadth was closer to even, with 31 of 67 measured names higher and 25 lower.
ETFs
CHADX15's session stands out on liquidity as much as price. Its AED 234.5k accounted for the largest share of the board's AED 793.6k total, and its 4.94 times average volume made it the busiest ETF relative to its own norm. The 1.33% daily gain matches its 1.33% advance over the week from its 2026-09-15 base, meaning the week's whole move arrived on Tuesday.
UAEA, the Lunate S&P UAE Shariah ETF, ranked second by value at AED 148.6k on 1.83 times its average volume, closing 0.56% higher and carrying AED 327.0k of net weekly buying pressure. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the day's odd one out among the large names, easing 0.28% despite trading 2.37 times its average volume on AED 135.9k. That mix of UAE-focused strength and a softer GCC dividend fund is the kind of divergence correlation-minded GCC ETF allocators track across the region's fund set.
USGRWTH, the Lunate S&P US Shariah Growth ETF, extended the run described in Monday's wrap with a 1.31% daily gain and a 4.26% rise over the week from its 2026-09-15 base, though on just 0.250 times its average volume. Its AED 2.06m of net weekly buying pressure remains the board's standout, with SUKUK, the Lunate JP Morgan Global Sukuk ETF, next at AED 1.38m despite trading only AED 5.1k on the day.
Thematic funds firmed. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, rose 2.20% on 3.07 times its average volume, and AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, added 0.87%, a session where AI optimism lifting Asian equities after a record Nasdaq close offered a supportive backdrop for technology-linked exposures. CHHK, the Lunate S&P China HK Shariah ETF, was the board's best one-day performer at +2.31%, though on a modest AED 9.7k, alongside Alibaba's Hong Kong jump on new AI chip and data centre plans. The worst performer, KRBN, the KraneShares Global Carbon Strategy ETF, fell 0.95% on a single share worth AED 125, a print too small to read anything into.
Equities
Equity strength was spread across the largest names. ADNOCGAS, ADNOC GAS PLC, topped the board with AED 119.90m on 2.00 times its average volume, closing 0.62% higher. ADIB, Abu Dhabi Islamic Bank, gained 1.21% on AED 112.09m, while ADCB, Abu Dhabi Commercial Bank, and ALPHADHABI, ALPHA DHABI HOLDING PJSC, each rose 1.86%. SPACE42, SPACE42 PLC, added 3.65% on AED 49.56m and is up 6.07% over the week from its 2026-09-15 base. EMSTEEL, EMSTEEL BUILDING MATERIALS PJSC, was the busiest equity against its own average at 7.00 times, gaining 3.31% on AED 12.15m, and PRESIGHT, PRESIGHT AI HOLDING PLC, traded 6.51 times its average, up 1.62% on AED 24.44m.
The soft spots were concentrated in energy services and health care. NMDCENR, NMDC Energy P.J.S.C, fell 2.13% and is down 5.80% over the week from its 2026-09-15 base. PUREHEALTH, Pure Health Holding PJSC, eased 1.40% on 1.90 times its average volume after last week's sharp run, and remains up 10.20% over the week from its 2026-09-15 base. FAB, First Abu Dhabi Bank, slipped 0.80%. On the weekly order book, ADIB's AED 45.22m of net selling pressure and IHC, International Holding Company PJSC, at AED 48.89m sit against ADCB's AED 60.99m of net buying pressure, the largest positive reading among the big names. Whether PUREHEALTH holds its 10.20% weekly gain from the 2026-09-15 base is the nearest test on the board.
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.