Key Highlights
- SUKUK, the Lunate JP Morgan Global Sukuk ETF, traded AED 282.9k on 78,356 shares, ranking 1st by value on the ETF board, at 4.98 times its seven-day average volume; it is up 1.11% over the week from its 2026-10-14 base.
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, carries the ETF board's heaviest net weekly selling pressure at AED 215.1k; it closed 0.53% higher on the day but is down 8.21% over the week from its 2026-10-14 base.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, carries the heaviest net weekly buying pressure on the ETF board, AED 154.6k, and ranked 2nd by value at AED 136.5k.
- INDI, the Lunate S&P India Shariah ETF, was the best one-day ETF performer at +0.70%, on just 2,000 shares (AED 5.8k); the worst was SAUDIA, the Lunate S&P KSA Shariah ETF, at -1.26% on 159 shares (AED 499).
- RAKPROP, RAK Properties, was the equity board's best one-day performer at +5.21%, on 18,341,791 shares (AED 18.20m), trading 5.63 times its seven-day average volume.
- Exchange-wide turnover was AED 1.02bn across 93 active tickers, 13.4% higher than the previous session.
- IHC, International Holding Company PJSC, carries the equity board's heaviest net weekly selling pressure at AED 108.58m and closed 1.29% lower on the day.
Market Overview
Abu Dhabi's ETF board found its focus in fixed income on Wednesday. SUKUK, the Lunate JP Morgan Global Sukuk ETF, accounted for AED 282.9k of the board's AED 581.6k total, trading 4.98 times its seven-day average volume of 15,746 shares and holding a 1.11% gain over the week from its 2026-10-14 base. The concentration of ETF activity in an income fund sits against a backdrop of rate expectations relevant across the GCC, where US policy easing shapes regional ETF performance. Exchange-wide turnover rose 13.4% from Tuesday's AED 899.49m to AED 1.02bn, with AED 8.23m more value crossing at the ask than at the bid.
The tension is that the activity lift did not translate into breadth. Of the 68 equities with a one-day base in the preceding session, 31 closed lower, 24 higher and 13 unchanged, with 6 further names excluded for having no prior close at all. On the ETF board, 6 of 15 measurable names closed lower, 2 higher and 7 unchanged, with four traded names excluded for stale or absent prior closes. Higher turnover on weaker breadth describes a session where value chased a handful of names rather than the market.
ETFs
SUKUK's print was the board's standout on both measures a desk cares about: value and activity versus normal. Its AED 282.9k ranked 1st on the board, and the 78,356 shares were 4.98 times its seven-day average. The fund closed unchanged on the day against its 2026-10-20 close, so the signal is turnover, not price. It does carry AED 19.4k of net weekly selling pressure, a modest counterweight to the week's 1.11% gain.
USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 2nd by value at AED 136.5k on 14,770 shares, 1.11 times its average volume, and carries the board's heaviest net weekly buying pressure at AED 154.6k. That pressure extends the pattern of Tuesday's wrap, where USGRWTH topped the board's trade, though the fund remains down 2.23% over the week from its 2026-10-14 base. Behind it on the buying-pressure ranking sit USVALUE, the Lunate S&P US Shariah Value ETF, at AED 126.8k and UAED, the Lunate S&P UAE UCITS ETF, at AED 69.9k.
QUANTM, the Boreas Solactive Quantum Computing UCITS ETF, remains the board's other running story. It closed 0.53% higher on the day, snapping the slide flagged in Tuesday's wrap, but it is down 8.21% over the week and still carries the board's heaviest net weekly selling pressure at AED 215.1k, ahead of LUXURY, the Boreas S&P Absolute Luxury UCITS ETF, at AED 49.4k and UAEA, the Lunate S&P UAE Shariah ETF, at AED 40.5k. Its 18,689 shares were just 0.216 times its seven-day average, so the day's uptick came on thin trade.
Elsewhere, AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF, ranked 3rd by value at AED 41.8k on 1.53 times average volume, down 3.08% over the week from its 2026-10-14 base. INDI, the Lunate S&P India Shariah ETF, was the day's best performer at +0.70%, though on only AED 5.8k. KWTI, the Lunate S&P Kuwait Shariah ETF, was the busiest name against its own average at 23.60 times, but on just 118 shares worth AED 455, a dormant fund waking rather than a trading event. Overall weekly pressure on the board is balanced, with 11 names positive and 12 negative.
Equities
What strength the equity board had was narrow. RAKPROP, RAK Properties, led at +5.21% on the day, on 18,341,791 shares (AED 18.20m) and 5.63 times its seven-day average volume. AGILITY, Agility Global PLC, added 4.17%, and ADNOCDRILL, ADNOC Drilling Company PJSC, rose 1.97% on AED 90.37m, 2.27 times its average volume, while carrying AED 50.30m of net weekly buying pressure, second only to ANAN, ANAN INVESTMENT HOLDING P.J.S.C, at AED 131.22m. SPACE42, SPACE42 PLC, was the board's busiest name against its own average at 6.87 times, on AED 36.02m, closing 1.04% higher though still down 8.02% over the week from its 2026-10-14 base.
The larger names mostly ended lower. ADNOCGAS, ADNOC GAS PLC, the day's biggest equity by value at AED 148.63m, closed 1.24% lower; FAB, First Abu Dhabi Bank, fell 1.14%; ADIB, Abu Dhabi Islamic Bank, fell 0.79%. ADCB, Abu Dhabi Commercial Bank, eased 0.36% on the day but is up 4.11% over the week and ranks third for net weekly buying pressure at AED 46.43m.
IHC, International Holding Company PJSC, closed 1.29% lower on 0.312 times its average volume and carries the equity board's heaviest net weekly selling pressure at AED 108.58m, ahead of ADNOCGAS at AED 67.30m and ADIB at AED 58.93m. Across the board, weekly pressure skews negative, with 31 names positive and 57 negative, a figure worth tracking against ADNOCDRILL's and ADCB's week-long accumulation.
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.