Key Highlights
- BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, traded AED 53.8k on 15,162 shares, 25.39 times its seven-day average volume of 597 shares, and closed 0.84% lower on the day, ranking 2nd by value on the ETF board.
- TURKI, the Lunate S&P Turkey Shariah ETF, was the board's worst one-day performer at -1.83% and is down 10.50% over the week from its 2026-09-23 base.
- USVALUE, the Lunate S&P US Shariah Value ETF, led the ETF board by value at AED 95.9k, closing 0.19% higher on the day on 1.47 times its seven-day average volume.
- Exchange-wide turnover was AED 1.17bn across 91 active tickers, 2.4% higher than the previous session but 11.2% below the average of the 9 prior sessions in the feed.
- Exchange-wide, AED 170.53m more value crossed at the bid than at the ask in Wednesday's session.
- IHC, International Holding Company PJSC, topped the equity board at AED 154.88m, closing unchanged on the day on 4.14 times its seven-day average volume, and carries AED 121.48m of net weekly selling pressure.
- Of the 69 equities with a one-day base, 43 closed lower, 14 higher and 12 unchanged.
Market Overview
Wednesday's session on the Abu Dhabi Securities Exchange turned over AED 1.17bn across 91 active tickers, 2.4% higher than Tuesday's AED 1.14bn but 11.2% below the average of the 9 prior sessions in the feed. The ETF board's most striking datapoint was BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, which traded 25.39 times its seven-day average volume of 597 shares to rank 2nd by value on the board, closing 0.84% lower on the day. TURKI, the Lunate S&P Turkey Shariah ETF, deepened the decline covered in Tuesday's wrap, falling a further 1.83% to sit 10.50% below its 2026-09-23 base.
The tension in the data is between the modest rise in turnover and the tilt of the tape: 43 of 69 equities with a one-day base closed lower against just 14 higher, and AED 170.53m more value crossed at the bid than at the ask exchange-wide. The session reads as bearish in breadth even though the aggregate value traded improved on the day.
ETFs
USVALUE, the Lunate S&P US Shariah Value ETF, was the board's largest name by value, trading AED 95.9k on 18,444 shares, 1.47 times its seven-day average, and closing 0.19% higher on the day. It also carries AED 155.8k of net weekly buying pressure, the constructive side of a board where 12 names carry positive weekly net pressure and 11 negative.
BONDAE was the session's genuine volume event on the ETF board. The UAE bond fund traded AED 53.8k on 15,162 shares against a seven-day average of just 597, ranking 2nd by value, and ended 0.84% lower on the day. It carries AED 47.7k of net weekly selling pressure. CHADX15, the Lunate FTSE ADX 15 ETF, ranked 3rd at AED 48.6k but on only 0.109 times its average volume, closing unchanged and flat over the week from its 2026-09-23 base.
TURKI remained the board's laggard by return, the worst one-day performer at -1.83% on AED 30.9k, extending the slide highlighted in Tuesday's Market Wrap. USTBILL, the Lunate iBOXX US Treasury Bill ETF, edged 0.11% higher on 1.57 times its average volume, one of only 5 gainers among the 18 ETFs measured against the preceding session; 7 closed lower and 6 unchanged, with 2 further ETFs excluded because their most recent prior close is older than the preceding session.
Among quieter names, UAEA, the Lunate S&P UAE Shariah ETF, eased 0.44% and carries AED 319.7k of net weekly selling pressure, the heaviest on the board, while GRMNY, the Lunate S&P Germany UCITS ETF, was the thinnest name versus its own average, trading just AED 606 on 125 shares.
Equities
IHC, International Holding Company PJSC, led the equity board at AED 154.88m on 4.14 times its seven-day average volume, closing unchanged on the day though down 3.97% over the week from its 2026-09-23 base with AED 121.48m of net weekly selling pressure. The banks behind it all ended lower: FAB, First Abu Dhabi Bank, fell 1.49% on AED 121.37m, ADCB, Abu Dhabi Commercial Bank, lost 1.41% on AED 109.21m, and ADIB, Abu Dhabi Islamic Bank, fell 1.67% on AED 76.66m. ADNOCGAS, ADNOC GAS PLC, eased 0.60% on AED 102.96m.
Gainers were scarce. AMR, Americana Restaurants International PLC, rose 1.72% on 2.14 times its average volume, and AGILITY, Agility Global PLC, added 1.35%. The best one-day performer was INB at +3.45%, on 11,870,799 shares (AED 344.4k); the worst was GCEM at -4.96%, though on just 51,000 shares (AED 58.6k). ESHRAQ, Eshraq Investments PJSC, was a volume standout, trading 3.13 times its average on AED 58.97m while closing 1.18% lower.
Weekly positioning skews negative too, with 37 equity names carrying positive weekly net pressure against 47 negative. IHC's combination of elevated volume and the board's largest net weekly selling pressure is the figure to watch 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.