Key Highlights
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, was the best one-day performer on the ETF board at +2.13%, on 51,231 shares (AED 97.2k), 2.19 times its seven-day average volume.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, ranked 1st by value on the ETF board at AED 196.3k, closing 0.11% higher on the day; it carries AED 173.0k of net weekly selling pressure.
- CHHK, the Lunate S&P China HK Shariah ETF, was the board's worst one-day performer, down 1.40% on AED 42.7k, and is down 4.88% over the week from its 2026-10-19 base.
- UAED, the Lunate S&P UAE UCITS ETF, traded 2.93 times its seven-day average volume and carries the heaviest net weekly buying pressure on the ETF board at AED 146.7k.
- SUKUK, the Lunate JP Morgan Global Sukuk ETF, carries the heaviest net weekly selling pressure on the ETF board at AED 292.5k, despite closing 0.55% higher on the day.
- Exchange-wide turnover was 55.1% higher than the previous session and 40.7% above the average of the 9 prior sessions in the feed (AED 1.00bn).
- ADIB, Abu Dhabi Islamic Bank, closed 5.70% higher on the day on AED 51.29m; ALDAR, Al Dar Properties, closed 3.53% lower on AED 144.36m.
Market Overview
Tuesday's session on the Abu Dhabi Securities Exchange was broadly positive and unusually busy. Exchange-wide turnover reached AED 1.41bn across 91 active tickers, 55.1% higher than Monday's AED 907.32m and 40.7% above the average of the nine prior sessions in the feed. The ETF board matched the tone: of the 16 ETFs whose one-day move is measured against the immediately preceding session, 11 closed higher, 2 lower and 3 unchanged, with QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, the board's best one-day performer at +2.13% on above-average volume. Exchange-wide, AED 107.29m more value crossed at the ask than at the bid.
The tension sits in the week's order-book data. Across all 24 ETF board listings with a seven-day net-pressure figure, 7 carry positive weekly net pressure and 15 negative, so the day's gains arrive against a week of sellers hitting bids on most of the board. CHHK, the Lunate S&P China HK Shariah ETF, was the day's clear laggard, and on the equity board ALDAR, Al Dar Properties, fell 3.53% against a tide of 47 gainers.
ETFs
USGRWTH, the Lunate S&P US Shariah Growth ETF, again topped the board by value, trading AED 196.3k on 21,624 shares, 1.57 times its seven-day average volume, while closing just 0.11% higher on the day. Its weekly picture is softer: it is down 1.30% over the week from its 2026-10-20 base and carries AED 173.0k of net weekly selling pressure, second only to SUKUK.
QUANTM paired the board's best one-day return, +2.13%, with its second-largest value print at AED 97.2k on 2.19 times its normal volume, and it sits second on the board's net weekly buying-pressure ranking at AED 43.9k. The UAE trackers extended Monday's heavy-volume pattern flagged in that session's Market Wrap: UAEA, the Lunate S&P UAE Shariah ETF, and UAED, the Lunate S&P UAE UCITS ETF, both closed 0.69% higher, with UAED trading 2.93 times its seven-day average volume of 3,710 shares and carrying the heaviest net weekly buying pressure on the board at AED 146.7k.
On the other side, SUKUK, the Lunate JP Morgan Global Sukuk ETF, carries the heaviest net weekly selling pressure on the board at AED 292.5k, even though it closed 0.55% higher on the day on below-average volume. CHHK was the worst one-day performer at -1.40% on AED 42.7k, is down 4.88% over the week from its 2026-10-19 base, and ranks third for net weekly selling pressure at AED 137.2k.
Among smaller prints, USVALUE, the Lunate S&P US Shariah Value ETF, was the busiest name relative to its own seven-day average at 12.20 times, though on just 5,773 shares (AED 31.9k), and closed unchanged. KWIN, the KraneShares Wahed Alternative Income Index ETF, traded AED 19.9k but has no one-day move, its most recent prior close being 2026-10-23. KWTI, the Lunate S&P Kuwait Shariah ETF, was the thinnest trader versus its own average at 0.079 times, on AED 471.
Equities
Equity breadth was firmly positive: of the 66 equities measured against the immediately preceding session, 47 closed higher, 12 lower and 7 unchanged, with 6 further names excluded because their most recent prior close is older than the preceding session. ADNOCGAS, ADNOC GAS PLC, dominated value at AED 350.31m, 24.9% of the equity board, on 2.13 times its average volume, closing 1.28% higher. Banks were prominent among the gainers: ADIB, Abu Dhabi Islamic Bank, rose 5.70%, ADCB, Abu Dhabi Commercial Bank, rose 3.43% and carries the board's heaviest net weekly buying pressure at AED 46.50m, and FAB, First Abu Dhabi Bank, rose 3.00%. AMR, Americana Restaurants International PLC, gained 4.96% and is up 8.55% over the week from its 2026-10-20 base.
The weak spot was ALDAR, Al Dar Properties, the second-largest name by value at AED 144.36m, which fell 3.53% and is down 4.02% over the week from its 2026-10-20 base. IHC, International Holding Company PJSC, eased 0.88% and carries the heaviest net weekly selling pressure on the equity board at AED 69.81m, ahead of ADNOCGAS at AED 34.15m and FAB at AED 32.80m. ADAVIATION, Abu Dhabi Aviation Co, traded 10.58 times its seven-day average volume on AED 22.94m while slipping 0.18%. Whether ADNOCGAS can hold its 1.28% rebound against its 2.17% weekly decline from the 2026-10-20 base is the near-term marker to watch.
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.