Key Highlights
- USGRWTH, the Lunate S&P US Shariah Growth ETF, led the ETF board by value at AED 134.4k and closed 2.25% lower on the day; it is down 4.29% over the week from its 2026-10-26 base.
- USVALUE, the Lunate S&P US Shariah Value ETF, ranked 2nd at AED 112.7k, fell 1.79% on the day and was the busiest ETF versus its own seven-day average volume at 15.89 times, on 20,518 shares.
- CHHK, the Lunate S&P China HK Shariah ETF, was the best one-day performer on the ETF board at +0.85%, on 17,674 shares (AED 62.7k).
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, fell 4.81% on the day and is down 5.32% over the week from its 2026-10-26 base.
- Exchange-wide turnover was AED 1.03bn, 32.8% higher than the previous session (2026-11-02, when AED 775.43m traded).
- GFH was the best one-day performer on the equity board at +6.04% (AED 190.2k traded); SUDATEL was the worst at -4.91%.
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 163.8k.
Market Overview
Tuesday's ADX session was activity-driven with a soft undertone. Exchange-wide turnover reached AED 1.03bn across 95 active tickers, 32.8% higher than Monday and 7.6% above the average of the 9 prior sessions in the feed. On the ETF board, the story belonged to the two Lunate US Shariah funds. USGRWTH, the Lunate S&P US Shariah Growth ETF, and USVALUE, the Lunate S&P US Shariah Value ETF, ranked first and second by value and both ended lower, USGRWTH by 2.25% and USVALUE by 1.79%, extending the US-equity-exposure theme from Monday's wrap, when USGRWTH also led trade as technology weighed.
The tension sat in two places. On the ETF board, CHHK, the Lunate S&P China HK Shariah ETF, went the other way, closing 0.85% higher as the board's best one-day performer. And the higher exchange turnover did not come with breadth: of the 69 equities measured against the immediately preceding session, 38 closed lower, 22 closed higher and 9 closed unchanged, with 6 further names excluded because their most recent prior close is older than the preceding session. Exchange-wide, AED 3.64m more value crossed at the bid than at the ask.
ETFs
The ETF board traded AED 517.3k in total, with 20 of the 26 listed ETFs active. USGRWTH led at AED 134.4k on 15,462 shares, below its usual pace at 0.769 times its seven-day average volume, and is now down 4.29% over the week from its 2026-10-26 base. USVALUE's print was the more unusual: AED 112.7k on 20,518 shares, 15.89 times its seven-day average of 1,292 shares, the busiest on the board relative to its own average. Both funds track US Shariah equity indices, and their declines came in a session where Apple's shares fell after investors were disappointed by its gross margin outlook and slowing services growth, part of a broader post-earnings slide in large US technology names.
QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, ranked third at AED 77.9k and fell 4.81% on the day, the deepest decline among the board's larger names, taking its weekly move to -5.32% from its 2026-10-26 base. It also carries AED 136.3k of net weekly selling pressure, second only to JPANI, the Lunate S&P Japan UCITS ETF, whose AED 149.5k of net weekly selling pressure is the board's heaviest, even though JPANI itself traded just AED 66 on 12 shares on Tuesday, the thinnest name versus its own average at 0.001 times.
The counterweights were CHHK, up 0.85% on 4.58 times its average volume with AED 46.1k of net weekly buying pressure, and UAEA, the Lunate S&P UAE Shariah ETF, which added 0.35% on AED 46.4k traded and carries AED 43.9k of net weekly buying pressure. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, carries the board's heaviest net weekly buying pressure at AED 163.8k and is up 3.31% over the week from its 2026-10-26 base, though it traded only AED 11.1k in the session and slipped 1.72% on the day.
Breadth on the board leaned lower: of the 18 ETFs measured against the immediately preceding session, 9 closed lower, 5 closed higher and 4 closed unchanged, with 2 further ETFs excluded because their most recent prior close is 7 to 14 calendar days back. Across all 26 ETF board listings with a seven-day net-pressure figure, including 6 that did not trade today, 10 carry positive weekly net pressure and 16 negative.
Equities
The equity board traded AED 1.03bn, with 75 of the 105 listed equities active. ADNOCGAS, ADNOC GAS PLC, led by value at AED 139.93m, closed 0.64% higher and carries the equity board's heaviest net weekly buying pressure at AED 11.79m, ahead of ALDAR, Al Dar Properties, at AED 10.86m and AMR, Americana Restaurants International PLC, at AED 6.41m. ADNOCLS, ADNOC Logistics & Services PLC, rose 2.19% on AED 56.30m, and FAB, First Abu Dhabi Bank, edged 0.11% higher on AED 103.67m. GFH was the best one-day performer on the equity board at +6.04%, though on just AED 190.2k traded.
Declines outnumbered gains. ETISALAT, Emirates Telecommunications Group Company PJSC, fell 2.17% on 1.71 times its average volume, and FERTIGLB, Fertiglobe plc, dropped 2.69%. ADNOCDRILL, ADNOC Drilling Company PJSC, lost 1.35% on AED 75.54m and carries the board's heaviest net weekly selling pressure at AED 22.20m, with ADNOCLS at AED 19.26m and ADIB, Abu Dhabi Islamic Bank, at AED 16.86m behind it. ADIB rose 0.50% on the day but remains down 7.08% over the week from its 2026-10-26 base.
Among smaller names, E7, E7 Group PJSC, traded 26.04 times its seven-day average volume on AED 9.17m while falling 1.53%, and EMOBILITY, Emirates Mobility Company, traded 11.28 times its average on AED 8.18m, down 2.92%. The equity board's busiest name versus its own average, E7W at 245.00 times, traded just 196 shares (AED 280), a dormant warrant waking rather than a session driver.
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.