Key Highlights
- CHADX15, the Lunate FTSE ADX 15 ETF, was the best one-day performer on the ETF board at +0.53% on AED 37.3k, and carries AED 1.67m of net weekly buying pressure.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst at -2.53% on the day, though it remains up 5.96% over the week from its 2026-09-17 base.
- PKSTN, the Lunate S&P Pakistan UCITS ETF, topped the ETF board by value at AED 151.0k, trading 1996.36 times its seven-day average volume of 7 shares.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, closed 2.03% lower on the day; AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, fell 2.15% on 2.43 times its average volume.
- Exchange-wide turnover was AED 1.25bn across 93 active tickers, 43.9% lower than the previous session and 6.6% below the average of the 9 prior sessions.
- PUREHEALTH, Pure Health Holding PJSC, rose 2.15% on the day and is up 11.33% over the week from its 2026-09-17 base.
- AMR, Americana Restaurants International PLC, was the equity board's worst material decliner at -4.13% on AED 12.84m, at 2.02 times its average volume.
Market Overview
Thursday's session on the Abu Dhabi Securities Exchange was quieter and mixed, with exchange-wide turnover of AED 1.25bn across 93 active tickers, 43.9% below Wednesday's AED 2.22bn. The day's defining ETF story was a divergence between international thematic exposure and the home market: the largest one-day fallers on the fund board were US and technology trackers, while CHADX15, the Lunate FTSE ADX 15 ETF, was the board's best performer at +0.53%. That reverses Wednesday's pattern, when international country trackers displaced a falling CHADX15 at the top of the board. The counterpoint is that the ETF board's weakness was broad, 10 of the 15 funds measured against the previous close ended lower, and the equity board was similarly tilted, with 35 of 70 comparable names lower against 29 higher. Even so, AED 29.64m more value crossed at the ask than at the bid exchange-wide, so the session's executions skewed to the buy side despite the softer prices.
ETFs
PKSTN, the Lunate S&P Pakistan UCITS ETF, topped the board by value at AED 151.0k on 13,176 shares, an extraordinary 1996.36 times its seven-day average of just 7 shares. The fund has no one-day move, as its most recent prior close is 2026-09-17, and its print, while the board's largest, is still a small sum in absolute terms; the multiple says the name was dormant until Thursday, not that demand surged.
The clearer performance story sat just below it. USVALUE, the Lunate S&P US Shariah Value ETF, ranked second by value at AED 102.9k and eased 0.39% on 26.73 times its average volume. USGRWTH, the Lunate S&P US Shariah Growth ETF, fell 2.03%, AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, fell 2.15% on 2.43 times its average volume, and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst at -2.53%. The declines came even as the Nasdaq hit a record on an AI stock rally with ETF gains, suggesting ADX prices for these trackers marked to their own auction rather than the overnight US tape; all three tech-linked funds remain higher over the week, with QUANTM up 5.96% from its 2026-09-17 base despite carrying AED 155.4k of net weekly selling pressure, the board's most negative reading.
CHADX15, the Lunate FTSE ADX 15 ETF, was the board's best one-day performer at +0.53%, though on only 0.084 times its seven-day average volume, and it carries AED 1.67m of net weekly buying pressure. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, with traded value at AED 101.9k, closed 1.12% lower and is flat over the week.
Breadth was soft but weekly positioning was not: of the 15 ETFs with a one-day base in the preceding session, 10 closed lower, 2 higher and 3 unchanged, with 2 further funds excluded for stale prior closes and 1 with no prior close at all. Against that, 15 names on the board carry positive weekly net pressure versus 9 negative. CHHK, the Lunate S&P China HK Shariah ETF, was the thinnest name at 0.002 times its average volume on AED 862, yet carries AED 1.94m of net weekly buying pressure.
Equities
On the equity board, ADNOCGAS, ADNOC Gas PLC, dominated by value, trading AED 221.07m on 2.26 times its seven-day average volume and closing 1.53% higher. PUREHEALTH, Pure Health Holding PJSC, added 2.15% and is up 11.33% over the week from its 2026-09-17 base, on AED 44.73m. SIB, Sharjah Islamic Bank, gained 1.67% on 1.53 times its average volume, and ALDAR, Al Dar Properties, rose 0.74% on AED 105.84m while carrying AED 45.16m of net weekly buying pressure.
The weak side was led by the banks and index heavyweights: FAB, First Abu Dhabi Bank, fell 1.39% on less than half its normal volume, and EAND, Emirates Telecommunications Group Company PJSC, dropped 1.27%. AMR, Americana Restaurants International PLC, was the board's worst material decliner at -4.13% on AED 12.84m, at 2.02 times its average volume; HAYAH technically topped the board at +7.50%, but on just AED 6.9k. Across the board, 36 names carry positive weekly net pressure and 45 negative, with the largest negative readings on BOROUGE, Borouge PLC, at AED 54.84m and ALPHADHABI, Alpha Dhabi Holding PJSC, at AED 54.13m. ADNOCGAS's 2.26-times volume multiple on the exchange's largest print is the figure to watch into Friday's 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.