Key Highlights
- CHHK, the Lunate S&P China HK Shariah ETF, was the ETF board's best one-day performer at +0.85% on AED 75.9k, yet is down 5.35% over the week from its 2026-10-15 base and carries the board's heaviest net weekly selling pressure at AED 197.1k.
- SUKUK, the Lunate JP Morgan Global Sukuk ETF, topped the ETF board by value at AED 138.5k, closing 0.83% higher on the day and up 0.83% over the week from its 2026-10-16 base.
- KWTI, the Lunate S&P Kuwait Shariah ETF, was the board's worst one-day performer, down 2.08% on AED 7.4k.
- Of the 17 ETFs measured against the immediately preceding session, 13 closed lower, 3 higher and 1 unchanged.
- Exchange-wide turnover was AED 1.13bn, 2.9% higher than the previous session and 13.8% above the average of the 9 prior sessions in the feed.
- ANAN, ANAN INVESTMENT HOLDING P.J.S.C, was the equity board's worst one-day performer, down 4.90% on AED 26.13m, extending its weekly fall to 14.23% from its 2026-10-16 base.
- IHC, International Holding Company PJSC, carries the equity board's heaviest net weekly selling pressure at AED 123.52m.
Market Overview
Friday's ADX session was bearish in breadth but active in value. Exchange-wide turnover was AED 1.13bn across 89 active tickers, 2.9% higher than the previous session and 13.8% above the average of the 9 prior sessions. Against that, declines dominated both boards, and exchange-wide, AED 93.70m more value crossed at the bid than at the ask. On the ETF board, the story was a reversal: CHHK, the Lunate S&P China HK Shariah ETF, which Thursday's Market Wrap flagged as the board's dominant and weakest name, was Friday's best one-day performer at +0.85%.
The tension is that CHHK's bounce sits inside a week of pronounced weakness. The fund is down 5.35% over the week from its 2026-10-15 base and carries AED 197.1k of net weekly selling pressure, the heaviest on the ETF board. One firmer close does not offset that weekly picture, and the rest of the board leaned the same way as equities: 13 of the 17 ETFs measured against the immediately preceding session closed lower.
ETFs
The ETF board traded AED 544.8k in total, with 18 of the 24 listed ETFs active. SUKUK, the Lunate JP Morgan Global Sukuk ETF, ranked 1st by value at AED 138.5k on 37,950 shares, closing 0.83% higher on the day and 1.21 times its seven-day average volume. It was one of only three gainers measured against the preceding session, and its 0.83% weekly rise from its 2026-10-16 base made it a rare steady name on a board where 13 of 24 listings with a weekly figure carry negative net pressure.
CHHK ranked 2nd by value at AED 75.9k on 21,459 shares, 1.55 times its seven-day average, and led the board's one-day returns at +0.85%. The gain follows Thursday's session, when CHHK dominated ETF trade and fell 4.62% on China weakness, and leaves intact both its 5.35% weekly decline and its board-topping net weekly selling pressure.
On the buy side of the week, USGRWTH, the Lunate S&P US Shariah Growth ETF, carries the heaviest net weekly buying pressure on the board at AED 83.8k, followed by UAED, the Lunate S&P UAE UCITS ETF, at AED 64.2k and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, at AED 61.9k. USGRWTH itself eased 0.33% on the day on AED 71.2k, the board's third-largest trade.
Lower down, KWTI, the Lunate S&P Kuwait Shariah ETF, was the worst one-day performer, down 2.08%, though on just AED 7.4k. KWIN, the KraneShares Wahed Alternative Income Index ETF, was the busiest name relative to its own seven-day average at 7.37 times, but on only 305 shares (AED 29.0k), a notable mention rather than a signal. The regional ETF ecosystem keeps expanding regardless: the Muscat Stock Exchange plans two to three ETF listings in the first quarter of 2027, broadening the GCC's listed-fund set beyond Abu Dhabi and Riyadh.
Equities
The equity board traded AED 1.13bn, but direction was clearly negative: of the 63 equities measured against the immediately preceding session, 46 closed lower, 15 higher and 2 unchanged, with 8 further names excluded because their most recent prior close is 2 to 9 calendar days back. ADCB, Abu Dhabi Commercial Bank, ranked 1st by value at AED 274.01m on 3.30 times its seven-day average volume; its 3.71% fall is measured against its 2026-10-21 close, two calendar days back, so it is not a one-day move, and the stock is flat over the week from its 2026-10-15 base while carrying the board's heaviest net weekly buying pressure at AED 65.17m.
The declines were broad among the large names. ALDAR, Al Dar Properties, fell 2.99% on AED 133.37m at 2.35 times its average volume, taking its weekly loss to 6.75% from its 2026-10-16 base. ADNOCLS, ADNOC LOGISTICS & SERVICES PLC, dropped 3.89% and is down 7.25% on the week. ADIB, Abu Dhabi Islamic Bank, lost 2.51% and BOROUGE, Borouge PLC, 2.61%. ANAN, ANAN INVESTMENT HOLDING P.J.S.C, was the board's worst one-day performer, down 4.90% on AED 26.13m.
The weekly pressure data skews the same way: 57 of the 104 equity listings with a seven-day figure carry negative net pressure against 30 positive, led by IHC, International Holding Company PJSC, at AED 123.52m, ADNOCGAS, ADNOC GAS PLC, at AED 80.62m and ADNOCLS at AED 41.95m. The counterweights are ADCB and ADNOCDRILL, ADNOC Drilling Company PJSC, which carries AED 47.72m of net weekly buying pressure and is up 2.91% over the week from its 2026-10-16 base, one of the few large names positive on that window.
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.