Key Highlights
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the best one-day performer on the ETF board at +2.69%, on 95,811 shares (AED 328.5k), 18.78 times its seven-day average volume.
- CHADX15, the Lunate FTSE ADX 15 ETF, was the board's worst one-day performer at -0.28% on AED 73.9k, itself 5.95 times its seven-day average volume.
- Of the 15 ETFs measured against the immediately preceding session, 11 closed higher, 2 lower and 2 unchanged.
- ADIB, Abu Dhabi Islamic Bank, was the equity board's worst one-day performer, down 4.96% on AED 127.88m.
- ALDAR, Al Dar Properties, closed 3.27% higher on AED 244.28m, 1st by value on the equity board, and carries the heaviest net weekly buying pressure on that board at AED 42.33m.
- Exchange-wide turnover was AED 1.34bn, 5.1% lower than Tuesday's AED 1.42bn but 29.2% above the average of the 9 prior sessions.
- CHHK, the Lunate S&P China HK Shariah ETF, carries the heaviest net weekly selling pressure on the ETF board at AED 153.3k.
Market Overview
Wednesday's session on the Abu Dhabi Securities Exchange belonged to the ETF board's largest name. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, closed 2.69% higher on the day, the best one-day performer on the board, on 95,811 shares (AED 328.5k) and 18.78 times its seven-day average volume. The print is a genuine signal on a fund that was already the board's first by value traded and carries its heaviest net weekly buying pressure at AED 198.0k. The turn fits a regional backdrop in which Saudi-focused ETFs rebounded as Tadawul gained 3.4% and the growth outlook improved.
The equity board told a different story. Of the 64 equities measured against the immediately preceding session, 40 closed lower, 15 higher and 9 unchanged, with 5 further names excluded because their most recent prior close is older than the preceding session. Exchange-wide, AED 84.22m more value crossed at the bid than at the ask, and turnover of AED 1.34bn was 5.1% below Tuesday's AED 1.42bn, though still 29.2% above the average of the 9 prior sessions.
ETFs
GCCDIV's session stood out on every measure the board offers: top by value, best one-day return, busiest versus its own seven-day average, and heaviest net weekly buying pressure. It accounted for 56.0% of the ETF board's traded value and is up 1.47% over the week from its 2026-10-21 base. On a board that traded AED 586.8k in total, one GCC dividend fund carried most of the day's activity.
CHADX15, the Lunate FTSE ADX 15 ETF, was the counterpoint. The home-market tracker was the board's worst one-day performer at -0.28%, on 20,572 shares (AED 73.9k) and 5.95 times its seven-day average volume. It is down 1.65% over the week and carries AED 99.6k of net weekly selling pressure, second only to CHHK on that ranking. The split is notable: the week's two-way order pressure favours a GCC income tracker over the domestic large-cap benchmark fund.
Breadth was nonetheless firm. Of the 15 ETFs measured against the immediately preceding session, 11 closed higher, 2 lower and 2 unchanged. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, followed GCCDIV at +2.60% on AED 15.0k, extending the gain flagged in Tuesday's wrap, and is up 3.68% over the week. AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), added 1.39% on AED 27.6k.
On the selling side, CHHK carries the board's heaviest net weekly selling pressure at AED 153.3k, with CHADX15 at AED 99.6k and SAUDIA, the Lunate S&P KSA Shariah ETF, at AED 52.9k behind it. CHHK is down 4.08% over the week from its 2026-10-20 base despite a 0.57% rise on the day on just AED 24.2k. Across all 24 ETF board listings with a seven-day net-pressure figure, 7 carry positive weekly net pressure and 16 negative. The board is also set to deepen: Korea ETFs KDEF and KMCA have been approved for ADX listing, adding two country exposures to watch.
Equities
What strength the equity board had was concentrated in one name. ALDAR, Al Dar Properties, closed 3.27% higher on the day on AED 244.28m and 31,067,517 shares, 1st by value and 1.96 times its seven-day average volume. It also carries the board's heaviest net weekly buying pressure at AED 42.33m, ahead of AMR, Americana Restaurants International PLC, at AED 20.50m and ANAN, Anan Investment Holding P.J.S.C, at AED 18.99m. AMR added 0.79% on 2.24 times normal volume and is up 7.56% over the week from its 2026-10-21 base.
The weak spot was the banks and holding companies. ADIB, Abu Dhabi Islamic Bank, was the board's worst one-day performer at -4.96% on AED 127.88m and 2.32 times its average volume. ADCB, Abu Dhabi Commercial Bank, fell 3.43%, and IHC, International Holding Company PJSC, dropped 2.24% on 2.55 times its seven-day average; IHC carries the board's heaviest net weekly selling pressure at AED 49.60m, ahead of ADNOCLS, ADNOC Logistics & Services PLC, at AED 40.15m and ADNOCGAS, ADNOC Gas PLC, at AED 26.86m. ADNOCLS is down 6.52% over the week from its 2026-10-21 base.
Across all 104 equity board listings with a seven-day net-pressure figure, 27 carry positive weekly net pressure and 55 negative. ALDAR's flat weekly return against its 2026-10-21 base, despite Wednesday's 3.27% rise, is the level 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.