Key Highlights
- SUKUK, the Lunate JP Morgan Global Sukuk ETF, ranked 1st by value on the ETF board at AED 256.9k, closed 0.28% higher on the day and traded 27.32 times its seven-day average volume.
- BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, ranked 3rd at AED 167.0k, up 0.28% on the day on 37.38 times its seven-day average volume.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst one-day performer at -2.53% and is down 11.47% over the week from its 2026-10-12 base.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 423.9k despite closing 1.08% lower on the day.
- Exchange-wide turnover was AED 1.07bn, 46.7% higher than the previous session and 6.0% above the average of the 9 prior sessions in the feed.
- Of the 67 equities measured against the preceding session, 43 closed lower, 12 higher and 12 unchanged; 6 further names had no prior close.
- IHC, International Holding Company PJSC, traded AED 317.77m, 1st by value on the equity board, and carries the board's heaviest net weekly selling pressure at AED 181.98m.
Market Overview
Monday's session on the Abu Dhabi Securities Exchange was activity-driven. Turnover of AED 1.07bn across 90 active tickers was 46.7% higher than Friday's AED 732.17m and 6.0% above the average of the 9 prior sessions. The ETF board's story sat in fixed income: SUKUK, the Lunate JP Morgan Global Sukuk ETF, led the board by value at AED 256.9k on 27.32 times its seven-day average volume, with BONDAE, the Lunate JP Morgan UAE Bond UCITS ETF, close behind at AED 167.0k on 37.38 times its average. Both closed 0.28% higher on the day.
The counterpoint is that the heavier trade came with a soft tape. Exchange-wide, AED 93.22m more value crossed at the bid than at the ask, and equity decliners outnumbered gainers 43 to 12 among the 67 names with a one-day base, with 12 unchanged. On the ETF board, 10 of the 16 funds with a one-day base closed lower, against 5 higher and 1 unchanged, with one further fund excluded for having no prior close.
ETFs
Seventeen of the 24 listed ETFs traded, for AED 977.0k in total, and the board's value was concentrated at the defensive end. SUKUK's AED 256.9k print on 70,763 shares came with AED 261.3k of net weekly buying pressure, second only on that ranking to USGRWTH, the Lunate S&P US Shariah Growth ETF, at AED 423.9k. BONDAE's own 37.38 times volume multiple came against a seven-day average of just 1,262 shares, so the dirham amounts remain small in absolute terms, but on this board they were the session's largest prints.
USGRWTH itself, the board's second-largest name by value at AED 207.8k, closed 1.08% lower and is down 2.34% over the week from its 2026-10-12 base. Its weekly buying pressure is sitting against falling prices, a divergence worth flagging. UAED, the Lunate S&P UAE UCITS ETF, is third on the buying-pressure ranking at AED 114.2k and is up 1.39% over the week from the same base.
QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, was the board's worst performer at -2.53% on AED 41.7k, trading only 0.229 times its seven-day average, and carries the board's heaviest net weekly selling pressure at AED 395.3k. Friday's wrap noted its 4.21% rebound; that recovery did not hold, and the fund is down 11.47% over the week from its 2026-10-12 base. The move sits alongside a renewed sell-off in technology shares across Asian markets.
Among the smaller prints, JPANI, the Lunate S&P Japan UCITS ETF, was the board's best one-day performer at +0.70% on AED 13.9k, and USTBILL, the Lunate iBOXX US Treasury Bill ETF, normally close to dormant, was the busiest name against its own average at 61.98 times, though on just 1,128 shares (AED 10.7k). CHADX15, the Lunate FTSE ADX 15 ETF, traded only AED 3.6k but carries AED 111.2k of net weekly buying pressure.
Equities
The equity board traded AED 1.07bn, with the value heavily concentrated. IHC, International Holding Company PJSC, took AED 317.77m, 1st by value, while closing 0.17% lower; it also carries the board's heaviest net weekly selling pressure at AED 181.98m. ADNOCGAS, ADNOC GAS PLC, traded AED 217.29m on 4.10 times its seven-day average volume while closing unchanged, the session's clearest case of a large volume event without a price move.
Gainers were scarce. ADCB, Abu Dhabi Commercial Bank, rose 1.37% and is up 3.95% over the week from its 2026-10-12 base, though it sits second on the selling-pressure ranking at AED 44.31m. BURJEEL, Burjeel Holdings PLC, rose 2.59% on 12.58 times its seven-day average volume (AED 6.83m), and LULU, Lulu Retail Holdings PLC, added 1.57%. GCEM was the board's best one-day performer at +14.15% on AED 2.50m.
On the weak side, ESHRAQ, Eshraq Investments PJSC, fell 4.47% and is down 7.83% over the week from its 2026-10-12 base, while 2POINTZERO, Two Point Zero Group PJSC, dropped 2.83% on 2.64 times its average volume. ANAN, Anan Investment Holding P.J.S.C, fell 2.88% on the day yet carries the board's heaviest net weekly buying pressure at AED 127.90m. Weekly pressure across the board tilts negative, with 31 names positive and 52 negative; IHC's selling-pressure figure against its AED 317.77m single-session turnover is the line to watch 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.