Key Highlights
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, traded AED 204.4k, ranking 1st by value on the ETF board, closed 0.58% higher on the day and traded 3.74 times its seven-day average volume.
- JPANI, the Lunate S&P Japan UCITS ETF, was the best one-day ETF performer at +1.50% on AED 61.9k, yet carries the board's heaviest net weekly selling pressure at AED 97.2k.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 230.0k, ahead of UAED at AED 196.6k.
- AMR, Americana Restaurants International PLC, was the best one-day equity performer at +4.31% on AED 19.17m; ANAN, Anan Investment Holding P.J.S.C, was the worst at -2.70%.
- Exchange-wide turnover was AED 863.97m, 13.8% higher than the previous session but 29.8% below the average of the 9 prior sessions in the feed.
- ADCB, Abu Dhabi Commercial Bank, carries the heaviest net weekly buying pressure on the equity board at AED 68.75m; IHC, International Holding Company PJSC, the heaviest net weekly selling pressure at AED 150.49m.
- ADX plans four more ETF listings before year-end 2026, extending a board that saw 20 of 24 funds trade on Monday.
Market Overview
Monday's session on the Abu Dhabi Securities Exchange was mixed but busier than Friday. Exchange-wide turnover was AED 863.97m across 94 active tickers, 13.8% higher than the previous session, though still 29.8% below the average of the 9 prior sessions. On the ETF board the story belonged to GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, which led the board by value at AED 204.4k, closed 0.58% higher and traded 3.74 times its seven-day average volume, a genuine activity signal on the board's biggest print of the day.
The tension sits beneath the headline recovery in turnover. Exchange-wide, AED 59.43m more value crossed at the bid than at the ask, equity decliners edged gainers 27 to 25 with 14 unchanged, and on the equity board 28 names carry positive weekly net pressure against 54 negative. Activity improved; conviction, measured by where trades printed, did not.
ETFs
GCCDIV's session stands out on both value and volume. Its AED 204.4k on 58,422 shares made it the board's most-traded fund, and the 3.74 times multiple of its 15,613-share seven-day average marks the day's most meaningful ETF volume signal given the size of the print. The dividend theme has been a focus of recent coverage, including a comparison of seven dividend-focused funds, and the interest comes despite the fund sitting 1.41% lower over the week from its 28 September base.
Behind it, USGRWTH, the Lunate S&P US Shariah Growth ETF, traded AED 125.1k, closed 0.22% higher and is up 0.54% over the week. It also carries the heaviest net weekly buying pressure on the board at AED 230.0k, ahead of UAED, the Lunate S&P UAE UCITS ETF, at AED 196.6k and USVALUE, the Lunate S&P US Shariah Value ETF, at AED 81.3k. UAED itself rose 1.02% on the day, the second-best move on the board, though on just 0.206 times its seven-day average volume.
The counterpoint is JPANI, the Lunate S&P Japan UCITS ETF. It was the board's best one-day performer at +1.50% on AED 61.9k, 3.08 times its average volume, and is up 3.21% over the week, yet it carries the board's heaviest net weekly selling pressure at AED 97.2k, followed by AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, at AED 91.9k. AIPOWR, Friday's featured gainer, reversed to close 0.88% lower on 1.56 times its average volume, unwinding part of the move flagged in Friday's Market Wrap.
Elsewhere, 20 of the 24 listed ETFs traded for a board total of AED 644.8k, with 10 higher, 9 lower and one unchanged among the 20 measured against Friday's close. PKSTN, the Lunate S&P Pakistan UCITS ETF, was both the worst performer at -2.62% and the busiest versus its own average at 22.32 times, but on just 250 shares (AED 2.8k), a normally dormant name waking rather than a signal. The board's depth remains the structural question as ADX prepares four more ETF listings before year-end 2026.
Equities
Equity strength was concentrated in consumer and mid-cap names. AMR, Americana Restaurants International PLC, led the board at +4.31% on AED 19.17m, 1.51 times its average volume. LULU, Lulu Retail Holdings PLC, rose 3.75% on AED 26.72m and 4.13 times its seven-day average volume, and MAIR, MAIR Group P.J.S.C, gained 4.06% on 19.24 times its average, on AED 7.10m. PRESIGHT, Presight AI Holding PLC, added 1.32% on 3.56 times its average volume.
The heavyweights were quieter. FAB, First Abu Dhabi Bank, traded AED 210.85m, 1st by value, and closed 0.21% higher, though it remains down 3.00% over the week from its 28 September base. ADNOCGAS, ADNOC Gas PLC, closed unchanged, and ADCB, Abu Dhabi Commercial Bank, fell 0.97% despite carrying the board's heaviest net weekly buying pressure at AED 68.75m, ahead of FAB at AED 46.32m and ADNOCDIST, Abu Dhabi National Oil Company For Distribution, at AED 21.43m.
On the other side, IHC, International Holding Company PJSC, carries the heaviest net weekly selling pressure at AED 150.49m, followed by ADNOCGAS at AED 102.60m and BOROUGE, Borouge PLC, at AED 48.02m, even as IHC closed 0.53% higher on the day. ANAN, Anan Investment Holding P.J.S.C, was the worst performer at -2.70% on AED 6.81m. Of the 66 equities measured against Friday's close, 27 closed lower, 25 higher and 14 unchanged, with 8 further names excluded for having no prior close. Whether GCCDIV's elevated volume persists, and whether ADCB's AED 68.75m of net weekly buying pressure translates into price, are the readings to check 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.