Key Highlights
- LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), traded AED 60.8k, ranking 1st by value on the ETF board, closed 1.23% higher on the day and traded 4.62 times its seven-day average volume.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, was the best one-day performer on the ETF board at +4.21%, yet is down 10.00% over the week from its 2026-10-09 base and carries the board's heaviest net weekly selling pressure at AED 412.3k.
- TURKI, the Lunate S&P Turkey Shariah ETF, was the board's worst one-day performer at -2.56% on AED 45.4k, extending its weekly loss to 7.02% from its 2026-10-07 base.
- Exchange-wide turnover was AED 732.17m across 91 active tickers, 31.1% lower than the previous session and 28.8% below the nine-session average of AED 1.03bn.
- HAYAH was the best one-day equity performer at +9.57% on AED 148.9k; ALPHADATA the worst at -4.79% on AED 751.5k.
- IHC, International Holding Company PJSC, carries the equity board's heaviest net weekly selling pressure at AED 151.86m; ANAN, ANAN INVESTMENT HOLDING P.J.S.C, the heaviest net weekly buying pressure at AED 126.39m.
- EFG Hermes UAE LLC expanded its brokerage services on ADX with market making and liquidity provision.
Market Overview
Friday's session on the Abu Dhabi Securities Exchange was a quiet one by recent standards. Exchange-wide turnover was AED 732.17m across 91 active tickers, 31.1% lower than Thursday's AED 1.06bn and 28.8% below the average of the nine prior sessions. On the ETF board, the story was activity rather than direction: LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), led the board by value at AED 60.8k on 4.62 times its seven-day average volume, while QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, bounced 4.21% after leading Thursday's declines.
The tension sits between the day and the week. QUANTM's one-day recovery came on just 0.118 times its own average volume and leaves it down 10.00% over the week from its 2026-10-09 base, with AED 412.3k of net weekly selling pressure, the heaviest on the board. Equity breadth was near even, with 27 of 69 measured names lower, 26 higher and 16 unchanged, but exchange-wide AED 68.57m more value crossed at the bid than at the ask, and 59 of the equity board's names carry negative weekly net pressure against 27 positive.
ETFs
LUXURY carried the board's value. It traded AED 60.8k on 37,044 shares, 4.62 times its seven-day average of 8,026, closed 1.23% higher on the day and is up 3.14% over the week from its 2026-10-08 base. The weekly tape is less flattering: it carries AED 23.4k of net weekly selling pressure, second only to QUANTM on that ranking.
TURKI, the Lunate S&P Turkey Shariah ETF, ranked second by value at AED 45.4k and was the board's worst performer on the day at -2.56%, on 3.38 times its average volume. Its weekly loss stands at 7.02% from its 2026-10-07 base. JPANI, the Lunate S&P Japan UCITS ETF, fell 2.38% on 2.56 times average volume and is down 6.21% on the week from its 2026-10-08 base, making the two international trackers the board's clear laggards.
QUANTM's 4.21% rise was the board's best one-day move, extending a reversal from the 8.21% slide covered in Thursday's Market Wrap, but the thin volume behind it and its position atop the net weekly selling-pressure ranking at AED 412.3k argue against reading it as a turn. On the other side of the ledger, USGRWTH, the Lunate S&P US Shariah Growth ETF, carries the heaviest net weekly buying pressure at AED 159.3k, followed by CHADX15, the Lunate FTSE ADX 15 ETF, at AED 114.5k and UAEA, the Lunate S&P UAE Shariah ETF, at AED 107.0k. UAEA itself closed 1.14% higher on AED 37.5k, third by value on the board.
Breadth on the board was mildly positive: of the 16 ETFs measured against the preceding session, 8 closed higher, 5 lower and 3 unchanged. SAUDIA, the Lunate S&P KSA Shariah ETF, was the busiest name relative to its own seven-day average at 5.10 times, though on only AED 2.8k, a footnote rather than a signal. Deeper ETF liquidity remains the item to watch after EFG Hermes UAE LLC expanded its ADX brokerage services into market making and liquidity provision.
Equities
Banks supplied most of the equity board's AED 731.90m. ADCB, Abu Dhabi Commercial Bank, led by value at AED 135.64m on 1.66 times its seven-day average volume, closing unchanged on the day but up 3.08% over the week from its 2026-10-09 base. ADIB, Abu Dhabi Islamic Bank, followed at AED 86.76m, up 0.70% on the day on 1.59 times average volume. FAB, First Abu Dhabi Bank, eased 0.52% on AED 52.66m but is up 4.10% on the week from its 2026-10-09 base and carries AED 10.18m of net weekly buying pressure, third on that ranking behind ANAN, ANAN INVESTMENT HOLDING P.J.S.C, at AED 126.39m and ALDAR, Al Dar Properties, at AED 33.26m.
The weak spot was IHC, International Holding Company PJSC, which traded AED 53.13m on just 0.235 times its average volume, closed 0.11% lower and carries the equity board's heaviest net weekly selling pressure at AED 151.86m, ahead of ADCB at AED 42.58m and BOROUGE, Borouge PLC, at AED 35.65m. FERTIGLB, Fertiglobe plc, traded 2.32 times its average volume on AED 35.19m and closed flat, though it remains down 5.04% on the week from its 2026-10-09 base.
Among smaller names, HAYAH was the board's best one-day performer at +9.57% on a modest AED 148.9k, while ALPHADATA was the worst at -4.79% on AED 751.5k. ADNH, Abu Dhabi National Hotels Co, rose 1.77% on 4.17 times its average volume, and ADID, Abu Dhabi National Investment and Development, fell a further 2.75%, taking its weekly decline to 9.01% from its 2026-10-09 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.