Key Highlights
- USGRWTH, the Lunate S&P US Shariah Growth ETF, led the ETF board by value with AED 137.4k on 14,892 shares, 2.07 times its seven-day average volume, closing unchanged on the day.
- TURKI, the Lunate S&P Turkey Shariah ETF, closed 2.33% lower on the day, the worst ETF performance, and is down 10.10% over the week from its 2026-09-21 base.
- Of the 18 ETFs measured against the immediately preceding session, 11 closed lower, 3 closed higher and 4 closed unchanged; 2 further ETFs traded with no prior close at all.
- ADCB, the Abu Dhabi Commercial Bank, rose 2.04% on the day on AED 109.76m, 1.26 times its seven-day average volume.
- BOS, the Bank Of Sharjah, was the weakest large equity, down 3.45% on the day and 5.08% over the week from its 2026-09-22 base.
- Exchange-wide turnover was AED 1.14bn across 91 active tickers, 6.5% higher than the previous session but 12.6% below the average of the 9 prior sessions in the feed (AED 1.30bn).
- IHC, the International Holding Company PJSC, carries AED 60.48m of net weekly selling pressure, the heaviest among the largest equities.
Market Overview
Tuesday's session on the Abu Dhabi Securities Exchange was mixed. Exchange-wide turnover of AED 1.14bn was 6.5% higher than Monday's AED 1.07bn, though still 12.6% below the average of the 9 prior sessions. On the ETF board, which traded AED 423.8k in total, the story remained the Lunate S&P Turkey Shariah ETF: TURKI fell 2.33%, the board's worst one-day move, extending the drop flagged in Monday's Market Wrap and taking its decline to 10.10% over the week from its 2026-09-21 base. The board's biggest name by value, USGRWTH, the Lunate S&P US Shariah Growth ETF, went the other way on activity, trading AED 137.4k at 2.07 times its average volume while closing flat.
The tension sits between rising value traded and soft breadth. Of the 18 ETFs with a one-day base in the preceding session, 11 closed lower against 3 higher and 4 unchanged, with 2 further ETFs excluded for having no prior close at all. Equities showed the same shape: 37 of 69 measured names closed lower against 23 higher, even as the largest banks by value all advanced. Exchange-wide, AED 11.78m more value crossed at the bid than at the ask.
ETFs
USGRWTH carried the board. The Lunate S&P US Shariah Growth ETF traded AED 137.4k on 14,892 shares, ranking 1st by value, at 2.07 times its seven-day average volume of 7,196 shares. It closed unchanged on the day, is down 0.75% over the week from its 2026-09-22 base, and carries AED 165.9k of net weekly buying pressure, so the elevated activity came without a price move.
TURKI ranked 2nd by value at AED 73.4k on 1.42 times its average volume, and its 2.33% one-day fall made it the board's worst performer. The fund carries AED 140.4k of net weekly selling pressure alongside its 10.10% weekly decline, the deepest weekly move on the board, extending the 4.08% drop covered in Monday's wrap.
Elsewhere among the larger prints, GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, eased 0.28% on AED 66.2k, and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was unchanged on AED 46.4k at 0.443 times its average volume. UAEA, the Lunate S&P UAE Shariah ETF, was one of only three gainers, up 0.33%, though it carries AED 310.8k of net weekly selling pressure, the board's largest negative reading. The best one-day performer, SAUDIA, the Lunate S&P KSA Shariah ETF, rose 0.61% but on just 998 shares (AED 3.3k).
Two thin prints stood out for activity rather than size. BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, was the busiest name relative to its own average at 4.44 times, though on only 1,405 shares (AED 5.0k) and with no one-day move, its most recent prior close being 2026-09-25. SUKUK, the Lunate JP Morgan Global Sukuk ETF, traded 3.07 times its average on AED 15.0k, a fixed-income tilt consistent with renewed attention on income products as Treasury yields sit above 5%. CHADX15, the Lunate FTSE ADX 15 ETF, was the thinnest at 0.001 times its average, on AED 513.
Equities
Equity strength was concentrated in banks. FAB, the First Abu Dhabi Bank, led by value with AED 190.28m, up 0.50% on the day. ADCB, the Abu Dhabi Commercial Bank, rose 2.04% on AED 109.76m at 1.26 times its average volume and is up 3.66% over the week from its 2026-09-22 base, with AED 34.77m of net weekly buying pressure. ADIB, the Abu Dhabi Islamic Bank, added 1.10% on AED 90.77m, and ADNOCGAS, the ADNOC GAS PLC, gained 0.60% on AED 146.97m. LULU, the LULU RETAIL HOLDINGS PLC, rose 2.03% on 2.18 times its average volume.
Outside those names, the board tilted lower. EAND, the Emirates Telecom. Group Company (Etisalat Group) PJSC, fell 0.82% on above-average volume, and IHC, the International Holding Company PJSC, slipped 1.02% and is down 4.51% over the week alongside its AED 60.48m of net weekly selling pressure. BOS, the Bank Of Sharjah, dropped 3.45% on 1.69 times its average volume. E7, the E7 Group PJSC, was the standout activity event on real value: it traded AED 32.66m at 36.10 times its seven-day average volume of 983,206 shares while closing 1.08% lower. ALDAR, the Al Dar Properties, eased 0.12% on the day but carries AED 56.67m of net weekly buying pressure, with Aldar reporting sales above AED 5bn ahead of the LIVEX exhibition in Abu Dhabi. E7's volume against its own average is the number to watch into Wednesday'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.