Key Highlights
- SUKUK, the Lunate JP Morgan Global Sukuk ETF, traded AED 172.8k on 48,283 shares, ranking 1st by value on the ETF board; closed 1.92% lower on the day and is down 2.46% over the week from its 2026-10-23 base.
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 170.0k and is up 4.49% over the week from its 2026-10-23 base.
- TURKI, the Lunate S&P Turkey Shariah ETF, was the worst one-day performer on the ETF board at -2.74%, and the busiest versus its own seven-day average at 88.83 times, on AED 40.2k.
- AMR, Americana Restaurants International PLC, closed 3.75% higher on the day and is up 7.79% over the week from its 2026-10-23 base.
- ADNOCDRILL, ADNOC Drilling Company PJSC, closed 1.71% higher on the day on 1.40 times its seven-day average volume.
- Exchange-wide turnover was AED 756.32m, 14.2% lower than the previous session and 22.1% below the average of the 9 prior sessions in the feed.
- ADNOCLS, ADNOC Logistics & Services PLC, carries the heaviest net weekly selling pressure on the equity board at AED 25.80m.
Market Overview
Monday's session on the Abu Dhabi Securities Exchange was a quieter one dominated, on the ETF board, by SUKUK, the Lunate JP Morgan Global Sukuk ETF. The fund topped the board at AED 172.8k, closed 1.92% lower against its 30 October close, traded 12.29 times its seven-day average volume of 3,929 shares, and carries the board's heaviest net weekly selling pressure at AED 164.7k. That is a rare alignment of value leadership, an unusual volume signal and sustained offer-side pressure in a single name. Exchange-wide turnover was AED 756.32m across 95 active tickers, 14.2% lower than the previous session and 22.1% below the average of the 9 prior sessions in the feed.
The tension sits inside the ETF board itself. While SUKUK drew concentrated selling, GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, carries the board's heaviest net weekly buying pressure at AED 170.0k and is up 4.49% over the week from its 2026-10-23 base. Equities, meanwhile, leaned positive: of the 70 equities measured against the immediately preceding session, 41 closed higher, 25 lower and 4 unchanged, even as value traded thinned.
ETFs
SUKUK contributed 31.4% of the ETF board’s AED 550.9k turnover, trading 48,283 shares. Its 1.92% decline was largely dividend-driven (AED 0.0415/unit, ex-date November 2), with an estimated dividend-adjusted return of -0.8%. Behind it on that ranking sit JPANI, the Lunate S&P Japan UCITS ETF, at AED 143.9k and USGRWTH, the Lunate S&P US Shariah Growth ETF, at AED 140.1k. That extends the pattern from Friday's Market Wrap, when USGRWTH topped both ETF trading and the selling-pressure ranking; the pressure has now rotated into the sukuk fund while USGRWTH slipped to third.
The offsetting signal is GCCDIV. It ranked 3rd by value on the board at AED 91.1k on 26,483 shares, traded 1.10 times its seven-day average volume, and holds the board's heaviest net weekly buying pressure, AED 170.0k, with UAEA, the Lunate S&P UAE Shariah ETF, at AED 104.3k and UAED, the Lunate S&P UAE UCITS ETF, at AED 68.3k behind it. The week's bid-side interest on the board is concentrated in GCC and UAE exposure.
AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), ranked 2nd by value at AED 92.4k, closed unchanged on the day on 4.82 times its seven-day average volume, and is up 2.79% over the week. The flat close came as global AI-linked stocks slid and capital rotated towards healthcare and energy, with the broader AI selloff easing after the Nasdaq's worst month in over a year.
Among smaller prints, TURKI, the Lunate S&P Turkey Shariah ETF, was both the board's worst one-day performer at -2.74% and its busiest relative to its own seven-day average at 88.83 times, though on just AED 40.2k. INDI, the Lunate S&P India Shariah ETF, a normally dormant name, traded 45.78 times its average on AED 12.6k and rose 1.37% on the day. LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), was the best one-day performer measured against the preceding session at +1.87%, on a trivial 328 shares (AED 529). Of the 14 ETFs with a one-day base in the preceding session, 6 closed lower, 5 higher and 3 unchanged; 3 further traded names have a prior close five days back and 2 have no prior close, so they sit outside those counts.
Equities
Equity strength was reasonably broad. ADNOCDRILL, ADNOC Drilling Company PJSC, rose 1.71% on 1.40 times its seven-day average volume, and BOROUGE, Borouge PLC, gained 1.33% on 2.22 times its average and AED 51.72m in value, alongside AED 19.56m of net weekly buying pressure, second only to ETISALAT, Emirates Telecommunications Group Company PJSC, at AED 22.35m. AMR, Americana Restaurants International PLC, added 3.75% on the day and is up 7.79% over the week, a move that coincides with the company's latest public press statement.
The weak spots were concentrated. ALDAR, Al Dar Properties, the equity board's largest name by value at AED 84.44m, closed 1.03% lower. PHX, Phoenix Group PLC, fell 4.60% on 3.08 times its average volume. ADNOCLS, ADNOC Logistics & Services PLC, carries the equity board's heaviest net weekly selling pressure at AED 25.80m, ahead of ADCB, Abu Dhabi Commercial Bank, at AED 19.58m and ADIB, Abu Dhabi Islamic Bank, at AED 7.66m. ADIB rose 1.11% on the day but remains down 7.54% over the week from its 2026-10-23 base, the sharpest weekly decline among the board's largest names quoted here, and one worth watching against that base through this week.
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.