Key Highlights
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, led the ETF board at AED 253.4k, closed 0.96% lower on the day, traded 3.89 times its seven-day average volume and is down 8.41% over the week from its 2026-10-07 base.
- UAED, the Lunate S&P UAE UCITS ETF, was the best one-day ETF performer at +1.91% on AED 51.1k; GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the worst at -1.43% on AED 45.6k.
- UAEA, the Lunate S&P UAE Shariah ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 240.8k; QUANTM carries the heaviest net weekly selling pressure at AED 181.1k.
- Exchange-wide turnover was AED 1.05bn across 89 active tickers, 7.5% lower than Tuesday's AED 1.14bn but 5.5% above the nine-session average of AED 999.83m.
- ADIB, the Abu Dhabi Islamic Bank, closed 2.53% higher on the day on AED 72.13m; FAB, First Abu Dhabi Bank, added 2.01% on AED 100.93m.
- IHC, International Holding Company PJSC, topped equity trade at AED 252.09m, closed 0.28% lower and carries the board's heaviest net weekly selling pressure at AED 210.36m.
Market Overview
Wednesday's ADX session turned on a familiar split at the top of the ETF board. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was again the board's largest name by value at AED 253.4k on 123,122 shares, closing 0.96% lower on the day and down 8.41% over the week from its 2026-10-07 base. Around it, the rest of the board leaned the other way: of the 12 ETFs whose one-day move is measured against the immediately preceding session, 9 closed higher, 2 lower and 1 unchanged, with four further traded funds excluded for older prior closes and one with no prior close at all.
The equity side told a thinner version of the same story. Exchange turnover of AED 1.05bn was 5.5% above the average of the nine prior sessions, and the big banks gained ground, but equity breadth was negative, with 32 of the 66 names measured against Tuesday's close ending lower against 22 higher and 12 unchanged. Exchange-wide, AED 34.67m more value crossed at the bid than at the ask.
ETFs
QUANTM's print is the board's story for a second straight session. It took 36.8% of ETF traded value, ran 3.89 times its seven-day average volume of 31,684 shares, and carries the board's heaviest net weekly selling pressure at AED 181.1k. Behind it on that measure sit USVALUE, the Lunate S&P US Shariah Value ETF, at AED 91.2k, and USTBILL, the Lunate iBOXX US Treasury Bill ETF, at AED 52.2k. That extends the pattern flagged in Tuesday's Market Wrap, where USVALUE carried the board's heaviest selling pressure; the weight has now shifted to the quantum fund.
The buying side is concentrated in the UAE-focused funds. UAEA, the Lunate S&P UAE Shariah ETF, carries the heaviest net weekly buying pressure at AED 240.8k and closed 0.91% higher on the day on AED 91.7k, 1.63 times its average volume. UAED, the Lunate S&P UAE UCITS ETF, sits second at AED 126.1k and was the board's best one-day performer at +1.91%. CHADX15, the Lunate FTSE ADX 15 ETF, is third at AED 93.1k; it closed 0.55% higher on 4.25 times its seven-day average volume, the second-busiest relative read on the board, though it remains down 2.67% over the week from its 2026-10-06 base.
GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the board's worst performer, 1.43% lower on AED 45.6k. USGRWTH, the Lunate S&P US Shariah Growth ETF, added 0.64% on AED 58.8k but at only 0.526 times its normal volume. AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, closed unchanged on AED 16.8k, in a week when commentary has flagged risks to AI infrastructure assets.
Among the smaller prints, INDI, the Lunate S&P India Shariah ETF, was the board's busiest name relative to its own seven-day average at 9.86 times, though on just 8,237 shares (AED 23.4k). SAUDIA, the Lunate S&P KSA Shariah ETF, traded a nominal AED 1.2k; regional Saudi-exposure products remain in focus as Albilad Capital prepares Saudi sector ETF launches.
Equities
Strength was concentrated in the banks. ADIB, the Abu Dhabi Islamic Bank, closed 2.53% higher on AED 72.13m and 1.34 times its average volume; FAB, First Abu Dhabi Bank, rose 2.01% on AED 100.93m; and ADCB, Abu Dhabi Commercial Bank, added 1.78% on AED 112.11m, 1.95 times its average volume. AGILITY, Agility Global PLC, gained 2.05% on 5.14 times its seven-day average volume, a genuine volume event on AED 15.01m. The best one-day performer board-wide was ASM at +4.26% on AED 2.82m.
The weak spot was the rest of the tape. IHC, International Holding Company PJSC, traded AED 252.09m, 23.9% of the equity block, closed 0.28% lower and carries AED 210.36m of net weekly selling pressure, the heaviest on the board, ahead of ADNOCGAS, ADNOC GAS PLC, at AED 39.81m and ADNOCDIST, Abu Dhabi National Oil Company For Distribution, at AED 38.81m. On the weekly net-pressure count, 54 equity names are negative against 31 positive.
ALDAR, Al Dar Properties, cuts the other way: it carries the heaviest net weekly buying pressure on the equity board at AED 75.37m despite closing 0.37% lower on the day and sitting down 2.07% over the week from its 2026-10-07 base. FERTIGLB, Fertiglobe plc, remains the notable weekly laggard among the larger names, down 5.98% from its 2026-10-07 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.