Key Highlights
- TURKI, the Lunate S&P Turkey Shariah ETF, was the board's worst one-day performer at -3.68% on 11,373 shares (AED 74.6k), trading 7.47 times its seven-day average volume; it is down 8.01% over the week from its 2026-09-29 base.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, led the board by value at AED 155.2k, closing 0.32% lower on the day but up 1.63% over the week from its 2026-09-30 base.
- AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), was the best one-day ETF performer at +1.32%, on AED 18.5k traded.
- UAED, the Lunate S&P UAE UCITS ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 243.8k despite being down 1.83% over the week from its 2026-09-30 base.
- ASM, Al Seer Marine Supplies & Equipment Company P.J.S.C, was the best one-day equity performer at +3.99% on AED 13.33m, trading 9.03 times its seven-day average volume.
- Exchange-wide turnover was AED 931.46m, 7.2% lower than the previous session's AED 1.00bn and 13.0% below the average of the 9 prior sessions in the feed (AED 1.07bn).
- IHC, International Holding Company PJSC, carries the heaviest net weekly selling pressure on the equity board at AED 108.85m.
Market Overview
Wednesday's session on the Abu Dhabi Securities Exchange was quiet and tilted lower. Exchange-wide turnover of AED 931.46m across 91 active tickers was 7.2% below Tuesday's AED 1.00bn and 13.0% below the average of the 9 prior sessions in the feed. On the ETF board, which traded AED 622.0k across 21 of 24 listed funds, the day's defining print was TURKI, the Lunate S&P Turkey Shariah ETF: the board's third-largest name by value fell 3.68% on 7.47 times its seven-day average volume, deepening a weekly decline of 8.01% from its 2026-09-29 base.
The counterpoint sits at the top of the board. USGRWTH, the Lunate S&P US Shariah Growth ETF, and USVALUE, the Lunate S&P US Shariah Value ETF, ranked first and second by value and both hold weekly gains, so the board's value concentrated in US-exposure funds even as Turkey exposure sold hard. Equities told a similarly uneven story: AED 66.50m more value crossed at the bid than at the ask exchange-wide, and 38 of the 67 measurable equities closed lower against 18 higher and 11 unchanged.
ETFs
USGRWTH, the Lunate S&P US Shariah Growth ETF, topped the board at AED 155.2k on 16,508 shares, 1.15 times its seven-day average volume; it slipped 0.32% on the day but is up 1.63% over the week from its 2026-09-30 base and carries AED 79.9k of net weekly buying pressure, second-heaviest on the board. USVALUE, the Lunate S&P US Shariah Value ETF, traded AED 124.0k on 2.19 times its average volume and closed 1.54% higher against its 2026-10-05 close, a move spanning two calendar days rather than one session. The pairing of the two largest prints with the US-equity ETF segment that has seen record inflows into Magnificent Seven trackers in September gives the board its constructive side.
TURKI was the session's genuine volume event: 11,373 shares (AED 74.6k) against a seven-day average of 1,522, the busiest name on the board relative to its own average, alongside the day's worst return at -3.68%. It also ranks third on the board's net weekly selling-pressure list at AED 50.9k, behind JPANI, the Lunate S&P Japan UCITS ETF, at AED 127.4k and AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), at AED 66.1k. JPANI's reading is striking given it traded just AED 1.9k on Wednesday, the thinnest name versus its own average at 0.061 times, while sitting up 3.54% over the week from its 2026-09-30 base.
AIPOWR was the board's best one-day performer at +1.32% on AED 18.5k, though on only 0.405 times its average volume. On the day, of the 14 ETFs measured against the immediately preceding session, 6 closed lower, 3 closed higher and 5 closed unchanged; 6 further funds traded against older closes and 1 had no prior close at all, so they sit outside those counts.
On the buying side, UAED, the Lunate S&P UAE UCITS ETF, carries the board's heaviest net weekly buying pressure at AED 243.8k, extending the UAE-tracker interest visible in Tuesday's wrap, when the board rose broadly as turnover rebounded; it closed unchanged on Wednesday on AED 36.9k traded. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, ranks third at AED 75.7k. Across the board, 9 names carry positive weekly net pressure and 14 negative. TURKI's weekly base near its 2026-09-29 level is the number to watch into the next session.
Equities
Equity strength was concentrated. ADNOCLS, ADNOC LOGISTICS & SERVICES PLC, was the standout among large names, up 2.63% on AED 116.59m, 3.21 times its seven-day average volume, and ranked second by value. ADNOCGAS, ADNOC GAS PLC, led by value at AED 136.08m, up 0.30% on 1.70 times average volume. ASM, Al Seer Marine Supplies & Equipment Company P.J.S.C, was the board's best performer at +3.99% on AED 13.33m and 9.03 times its average volume, and ADAVIATION, Abu Dhabi Aviation Co, added 1.78% on 4.54 times average volume, leaving it up 19.09% over the week from its 2026-09-30 base.
The weak spot was breadth and the week's order-book skew. Decliners led 38 to 18, and 53 of the names with weekly figures carry net selling pressure against 34 with net buying. IHC, International Holding Company PJSC, carries the heaviest net weekly selling pressure at AED 108.85m, with ADNOCGAS at AED 88.02m and BOROUGE, Borouge PLC, at AED 31.19m behind it. On the other side, FAB, First Abu Dhabi Bank, carries the heaviest net weekly buying pressure at AED 50.32m even though it closed 0.10% lower on just 0.417 times its average volume and is down 3.54% over the week from its 2026-09-30 base.
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.