Key Highlights
- USGRWTH, the Lunate S&P US Shariah Growth ETF, traded AED 174.9k on 19,029 shares, ranking 1st by value on the ETF board; it closed 0.33% higher on the day and traded 1.35 times its seven-day average volume.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, closed 2.07% lower on the day and is down 9.57% over the week from its 2026-10-13 base.
- QUANTM carries the heaviest net weekly selling pressure on the ETF board, AED 368.4k; SUKUK, the Lunate JP Morgan Global Sukuk ETF, carries the heaviest net weekly buying pressure at AED 261.0k.
- AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), closed 0.90% lower on the day on 2.93 times its seven-day average volume.
- UAB, the United Arab Bank, was the equity board's best one-day performer at +14.60%, on 5,137,489 shares (AED 6.97m); ANAN, the ANAN INVESTMENT HOLDING P.J.S.C, was the worst at -4.95%.
- Exchange-wide turnover was AED 896.88m, 16.9% lower than the previous session and 12.2% below the average of the 9 prior sessions in the feed.
- ADCB, the Abu Dhabi Commercial Bank, closed 2.82% higher on the day and is up 6.35% over the week from its 2026-10-13 base.
Market Overview
Tuesday's session on the Abu Dhabi Securities Exchange was quieter and tilted lower. Exchange-wide turnover was AED 896.88m across 98 active tickers, 16.9% below Monday's AED 1.08bn and 12.2% below the average of the 9 prior sessions in the feed. On the ETF board, which traded AED 474.8k in total, the two sides of the global technology trade again set the tone: USGRWTH, the Lunate S&P US Shariah Growth ETF, led the board by value and closed higher, while QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, extended the slide flagged in Monday's Market Wrap.
The tension sits in breadth and the order book. Of the 71 equities measured against the previous session, 38 closed lower, 17 higher and 16 unchanged, with 8 further names excluded for having no prior close; exchange-wide, AED 47.38m more value crossed at the bid than at the ask. The ETF board was similarly uneven, with 8 of its 15 measurable names lower against 5 higher and 2 unchanged.
ETFs
USGRWTH carried the board. It traded AED 174.9k on 19,029 shares, 1.35 times its seven-day average volume, and closed 0.33% higher on the day. The gain cuts into a weekly decline: the fund is down 1.60% over the week from its 2026-10-13 base, though it carries AED 242.7k of net weekly buying pressure, second only to SUKUK, the Lunate JP Morgan Global Sukuk ETF, at AED 261.0k. SUKUK itself was unchanged on the day on a slight AED 2.3k of trade, a sharp drop from the elevated volumes that led Monday's board.
QUANTM was the board's worst performer, closing 2.07% lower against its 2026-10-19 close on AED 83.0k of trade, and is down 9.57% over the week from its 2026-10-13 base. It also carries the heaviest net weekly selling pressure on the ETF board at AED 368.4k, ahead of LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), at AED 40.9k and KWIN, the KraneShares Wahed Alternative Income Index ETF, at AED 31.2k. The fund's week-long slide sits against a backdrop of renewed scepticism about the technology trade, from warnings that not every AI data centre will pay off to shelved flotations for AI-linked data-centre providers.
AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), third by value at AED 60.7k, fell 0.90% on 2.93 times its seven-day average volume and is down 3.08% over the week from its 2026-10-13 base. USTBILL, the Lunate iBOXX US Treasury Bill ETF, rose 0.21% on 12.31 times its seven-day average volume of 244 shares, though on just AED 28.4k. CHADX15, the Lunate FTSE ADX 15 ETF, added 0.55% on roughly normal volume.
Among thinner names, SAUDIA, the Lunate S&P KSA Shariah ETF, was technically the board's best performer at +1.92%, but on only 35 shares (AED 111). GRMNY, the Lunate S&P Germany UCITS ETF, normally dormant, was the busiest name versus its own seven-day average at 22.44 times, though on just 920 shares (AED 4.3k). These are footnotes, not signals. The board's trading dispersion sits within a GCC ETF market whose third-quarter assets reached $9.16bn.
Equities
The equity board traded AED 896.41m, led by ADNOCGAS, the ADNOC GAS PLC, at AED 129.50m on 1.52 times its seven-day average volume, though the stock closed 0.62% lower. The day's strength was concentrated in banks and drilling: ADCB, the Abu Dhabi Commercial Bank, rose 2.82% on AED 104.60m and is up 6.35% over the week from its 2026-10-13 base, while ADNOCDRILL, the ADNOC Drilling Company PJSC, gained 1.08% on 1.91 times its average volume. UAB, the United Arab Bank, was the board's best one-day performer at +14.60% on 8.76 times its seven-day average volume, a genuine volume event on AED 6.97m of trade.
The weak side was broader. FERTIGLB, the Fertiglobe plc, fell 3.57% and is down 9.24% over the week from its 2026-10-13 base; SPACE42, the SPACE42 PLC, dropped 4.93% on 2.94 times its average volume; and ANAN, the ANAN INVESTMENT HOLDING P.J.S.C, was the worst performer at -4.95%, despite carrying the equity board's heaviest net weekly buying pressure at AED 117.45m. On the selling side of the week's order book, IHC, the International Holding Company PJSC, carries the heaviest net weekly selling pressure at AED 118.23m, ahead of ADIB, the Abu Dhabi Islamic Bank, at AED 44.81m and ADNOCLS, the ADNOC LOGISTICS & SERVICES PLC, at AED 38.74m.
Weekly pressure across the board leans the same way as the day's breadth: 29 names carry positive weekly net pressure and 57 negative. ADCB's 6.35% weekly gain against that backdrop is the figure 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.