Key Highlights
- USVALUE, the Lunate S&P US Shariah Value ETF, was the busiest ETF versus its own seven-day average at 4.94 times, on 36,937 shares (AED 198.1k), closing 0.75% higher on the day; it also carries the ETF board's heaviest net weekly selling pressure at AED 131.8k.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 1st by value on the ETF board at AED 215.7k, closing 0.43% lower on the day.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst one-day performer at -4.13% on AED 167.7k, and is down 9.13% over the week from its 2026-10-06 base.
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, led the ETF board at +1.75% on the day, on AED 83.8k.
- Exchange-wide turnover was AED 1.13bn, 33.7% higher than the previous session (2026-10-12, AED 845.90m).
- MANAZEL, Manazel PJSC, was the equity board's best one-day performer at +10.06% on AED 69.14m, trading 5.37 times its seven-day average volume.
- IHC, International Holding Company PJSC, carries the equity board's heaviest net weekly selling pressure, AED 211.54m, after trading AED 337.14m in the session.
Market Overview
US exposure once more set the agenda on the Abu Dhabi Securities Exchange's ETF board on Tuesday 13 October. 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 at AED 215.7k and AED 198.1k respectively, together dominating a board that traded AED 750.7k in total. The pattern extends Monday's wrap, where US and thematic funds likewise took the top three slots by value. Beneath them, the whole exchange was busier: turnover of AED 1.13bn across 89 active tickers was 33.7% above Monday's AED 845.90m and 12.4% above the average of the 9 prior sessions.
The tension sits inside the US pair itself. USVALUE closed 0.75% higher on volume 4.94 times its seven-day average, yet it carries the ETF board's heaviest net weekly selling pressure at AED 131.8k, meaning its elevated trade this week has crossed mostly at the bid. Exchange-wide the skew was the same direction: AED 68.34m more value crossed at the bid than at the ask, even on a session where equity gainers outnumbered decliners 32 to 26.
ETFs
USGRWTH, the Lunate S&P US Shariah Growth ETF, led the board by value at AED 215.7k on 23,140 shares, 3.06 times its seven-day average volume, though it closed 0.43% lower on the day and is down the same 0.43% over the week from its 2026-10-06 base. USVALUE, the Lunate S&P US Shariah Value ETF, paired heavy trade with a positive print, closing 0.75% higher and up 3.67% over the week from its 2026-10-05 base, despite the AED 131.8k of net weekly selling pressure that tops the board.
QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst performer at -4.13% on 80,171 shares (AED 167.7k), 4.83 times its average volume, and is down 9.13% over the week. It also sits second on the net weekly selling-pressure ranking at AED 59.4k, behind USVALUE and ahead of USTBILL, the Lunate iBOXX US Treasury Bill ETF, at AED 57.2k.
GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the board's best one-day performer at +1.75% on AED 83.8k, nearly twice its average volume at 1.96 times, and ranks third on the board's net weekly buying-pressure list at AED 97.2k. Above it on that list sit UAEA, the Lunate S&P UAE Shariah ETF, at AED 157.3k and UAED, the Lunate S&P UAE UCITS ETF, at AED 116.6k. The pattern from Monday's wrap held: the UAE-focused funds that lead the week's buying pressure barely traded, UAEA at AED 29.4k and UAED at just AED 4.7k, 0.079 times its average volume, after UAED's 1.69% fall featured in the previous session's board.
Breadth was soft: of the 14 ETFs measured against the preceding session, 7 closed lower, 4 higher and 3 unchanged, with TURKI, the Lunate S&P Turkey Shariah ETF, excluded as its most recent prior close is 2026-10-09. At the thin end, GRMNY, the Lunate S&P Germany UCITS ETF, traded 5 shares (AED 24), 0.004 times its average, and CHADX15, the Lunate FTSE ADX 15 ETF, printed just AED 272. Whether UAEA's and UAED's weekly buying pressure converts into actual traded value is the board's item to watch next session.
Equities
IHC, International Holding Company PJSC, dominated equity value at AED 337.14m, 2.31 times its average volume, closing unchanged on the day while carrying the board's heaviest net weekly selling pressure at AED 211.54m. The day's standout mover was MANAZEL, Manazel PJSC, up 10.06% on AED 69.14m and 5.37 times its average volume, the equity board's best one-day performer. MAIR, MAIR GROUP - P.J.S.C, added 7.51% on AED 8.53m. Among the banks, FAB, First Abu Dhabi Bank, rose 1.84% on AED 60.45m and ADCB, Abu Dhabi Commercial Bank, 0.51% on AED 80.93m.
On the weekly side, ALDAR, Al Dar Properties, carries the board's heaviest net buying pressure at AED 44.94m, ahead of ADIB, Abu Dhabi Islamic Bank, at AED 27.82m and FAB at AED 17.09m, even though ALDAR itself eased 0.25% on the day. Behind IHC on the selling side sit ADNOCGAS, ADNOC GAS PLC, at AED 57.44m and ADNOCDIST, Abu Dhabi National Oil Company For Distribution, at AED 31.54m; ADNOCGAS also traded only 0.410 times its average volume on Tuesday.
The weak spot is the week, not the day: 56 equity names carry negative weekly net pressure against 31 positive, and ADID, Abu Dhabi National Investment and Development - P.J.S.C, is down 8.91% over the week from its 2026-10-06 base. HAYAH was the busiest equity versus its own average at 125.85 times, though on just AED 18.0k, a footnote beside the day's large prints.
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.