Key Highlights
- USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 1st by value on the ETF board at AED 86.8k, closed 0.21% higher on the day and carries the board's heaviest net weekly selling pressure at AED 194.4k.
- AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), traded AED 61.6k on 2.31 times its seven-day average volume and closed 0.44% higher on the day.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, fell 0.91% on the day on 1.92 times average volume and is down 5.22% over the week from its 2026-10-05 base.
- UAED, the Lunate S&P UAE UCITS ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 120.3k, yet traded just AED 5.0k in the session.
- Exchange-wide turnover was AED 839.67m across 96 active tickers, 15.2% lower than the previous session's AED 989.91m.
- IHC, International Holding Company PJSC, led equities by value at AED 188.44m, closed 0.84% lower on the day, and carries the equity board's heaviest net weekly selling pressure at AED 146.16m.
- ADNOCDIST, Abu Dhabi National Oil Company For Distribution, fell 2.56% on the day on 2.14 times its seven-day average volume.
Market Overview
Monday's ADX session was quiet and tilted lower. Exchange-wide turnover was AED 839.67m across 96 active tickers, 15.2% below Friday's AED 989.91m and 19.2% below the average of the 9 prior sessions in the feed. On the ETF board, which traded AED 320.8k in total, the session's value was concentrated in US and thematic exposure: USGRWTH, the Lunate S&P US Shariah Growth ETF, AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, took the top three slots by value.
The tension sits in the order book. USGRWTH led the board's turnover and rose 0.21% on the day, yet it carries the board's heaviest net weekly selling pressure. Meanwhile the funds carrying the heaviest net weekly buying pressure, UAED, the Lunate S&P UAE UCITS ETF, and UAEA, the Lunate S&P UAE Shariah ETF, were near-silent on the day. Equities told a plainly softer story, with 39 of the 69 measurable names lower against 23 higher.
ETFs
USGRWTH set the pace, trading AED 86.8k on 9,244 shares, 1.10 times its seven-day average volume, and closing 0.21% higher against its 2026-10-09 close. It is up 1.40% over the week from its 2026-10-05 base, but carries AED 194.4k of net weekly selling pressure, the heaviest on the board. Behind it on that measure, in order, sit JPANI, the Lunate S&P Japan UCITS ETF, at AED 43.4k and BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, at AED 34.0k.
AIPOWR was the board's second-largest name at AED 61.6k, on 2.31 times its seven-day average volume, closing 0.44% higher and up 1.78% over the week from its 2026-10-05 base. The above-average turn in the AI infrastructure fund comes as family offices report rising appetite for technology exposure and the chief executives of Intel and Broadcom warn that access to capital could constrain the AI build-out. QUANTM, third by value at AED 56.0k on 1.92 times average volume, went the other way, down 0.91% on the day and 5.22% over the week from its 2026-10-05 base.
The buying-pressure side of the ledger belongs to UAE trackers that barely printed. UAED carries the heaviest net weekly buying pressure at AED 120.3k but traded only AED 5.0k on 871 shares, down 0.52% on the day. UAEA follows at AED 114.3k and GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, at AED 70.4k; UAEA closed unchanged on AED 22.6k and GCCDIV closed unchanged on AED 12.0k. That extends the pattern flagged in Friday's Market Wrap, where the same two UAE funds topped weekly buying pressure even as they ended lower.
Of the 17 ETFs with a one-day base in the immediately preceding session, 7 closed higher, 6 lower and 4 unchanged, with one further fund, SUKUK, the Lunate JP Morgan Global Sukuk ETF, excluded for having no prior close. SUKUK was the board's busiest name against its own seven-day average at 55.40 times, though on just 5,363 shares (AED 19.3k), a wake-up in a normally dormant fund rather than a turnover event. The best one-day performer was INDI, the Lunate S&P India Shariah ETF, at +1.81%, on a thin 1,101 shares (AED 3.1k); the worst, JPANI, at -1.00% on just 3 shares (AED 18).
Equities
The equity board traded AED 839.35m, with IHC, International Holding Company PJSC, accounting for AED 188.44m of it on 1.59 times its seven-day average volume. The stock closed 0.84% lower and carries the equity board's heaviest net weekly selling pressure at AED 146.16m; ADNOCGAS, ADNOC GAS PLC, follows at AED 45.56m and FERTIGLB, Fertiglobe plc, at AED 25.96m. ADNOCDIST, Abu Dhabi National Oil Company For Distribution, stood out among the large decliners, down 2.56% on 2.14 times average volume, and DANA, DANA GAS PJSC, fell 1.73% on 3.63 times its seven-day average.
The firmer side was narrower. ALDAR, Al Dar Properties, rose 1.00% on AED 38.66m and carries the board's heaviest net weekly buying pressure at AED 39.63m, followed by LULU, LULU RETAIL HOLDINGS PLC, at AED 17.72m and AMR, AMERICANA RESTAURANTS INTERNATIONAL PLC, at AED 14.37m. ADCB, Abu Dhabi Commercial Bank, added 0.51% on AED 50.21m. The session's best one-day performer, ABNIC, gained 14.80% but on only 27,707 shares (AED 79.2k), 110.56 times its own seven-day average, a thin print rather than a broad signal.
Exchange-wide, AED 82.23m more value crossed at the bid than at the ask, and 51 equity names carry negative weekly net pressure against 35 positive. IHC's weekly selling-pressure figure, set against its 1.91% decline over the week from its 2026-10-05 base, is the number to track 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.