Key Highlights
- UAEA, the Lunate S&P UAE Shariah ETF, closed 1.96% higher on the day on AED 291.3k, ranking 2nd by value on the ETF board, and carries the board's heaviest net weekly buying pressure at AED 155.8k.
- UAED, the Lunate S&P UAE UCITS ETF, closed 2.46% higher on the day and was the busiest ETF relative to its own seven-day average volume at 33.47 times, on 39,812 shares (AED 230.9k).
- JPANI, the Lunate S&P Japan UCITS ETF, led the ETF board by value at AED 391.6k but was the board's worst one-day performer, down 1.27% against its 2026-11-03 close.
- AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), was the best one-day performer on the ETF board at +3.20%, on AED 44.8k.
- Exchange-wide turnover was AED 1.64bn, 58.3% higher than the previous session and 71.0% above the average of the 9 prior sessions in the feed.
- ALDAR, Al Dar Properties, closed 6.49% higher on the day on AED 249.75m, 1st by value on the equity board; IHC, International Holding Company PJSC, was the board's worst one-day performer at -5.00% on AED 170.98m.
- Abu Dhabi signed four OpenAI deals to accelerate AI adoption across government and industry.
Market Overview
Wednesday's session on the Abu Dhabi Securities Exchange was an unambiguously active one, with exchange-wide turnover of AED 1.64bn, 58.3% higher than Tuesday's AED 1.03bn and 71.0% above the average of the 9 prior sessions in the feed. The ETF story was the home-market trackers: UAEA, the Lunate S&P UAE Shariah ETF, and UAED, the Lunate S&P UAE UCITS ETF, closed 1.96% and 2.46% higher on the day respectively, both on several times their usual volume, and sit first and second on the board's net weekly buying-pressure ranking. Of the 16 ETFs measured against the immediately preceding session, 13 closed higher, 2 lower and 1 unchanged.
The tension sat at the top of each board. JPANI, the Lunate S&P Japan UCITS ETF, was the ETF board's largest name by value at AED 391.6k yet its worst one-day performer, down 1.27%. On the equity side, a broad advance of 46 gainers to 16 decliners concealed a 5.00% fall in IHC, International Holding Company PJSC, the board's second-largest name by value on the day.
ETFs
JPANI led the board by value, trading AED 391.6k on 71,877 shares, 6.52 times its seven-day average volume, but closed 1.27% lower, the worst one-day move among the 16 ETFs measured against the preceding session. It is down 3.55% over the week from its 2026-10-27 base and carries AED 82.9k of net weekly selling pressure, making it the session's standout divergence: heavy trade meeting a falling price.
The opposite pattern held in the UAE trackers. UAEA traded AED 291.3k, 8.13 times its average volume, and closed 1.96% higher; UAED traded AED 230.9k at 33.47 times its average, the busiest ETF relative to its own norm, and closed 2.46% higher. UAEA carries the heaviest net weekly buying pressure on the board at AED 155.8k, with UAED next at AED 130.3k and CHHK, the Lunate S&P China HK Shariah ETF, at AED 71.4k. The two domestic funds thus led on both price and order-book pressure in a session when their underlying market rallied hard.
AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), was the board's best one-day performer at +3.20% on AED 44.8k and is up 4.63% over the week from its 2026-10-27 base, a move that sits alongside Abu Dhabi's four new OpenAI agreements across government and industry. USGRWTH, the Lunate S&P US Shariah Growth ETF, recovered 1.84% after Tuesday's wrap flagged both US Shariah funds closing lower; USVALUE, the Lunate S&P US Shariah Value ETF, rose 0.73% but on just 17 shares (AED 94), the thinnest print on the board versus its own average, after trading 15.89 times that average on Tuesday.
On the selling side, QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, carries the board's heaviest net weekly selling pressure at AED 142.4k and is down 5.73% over the week from its 2026-10-27 base, followed by SUKUK, the Lunate JP Morgan Global Sukuk ETF, at AED 128.9k and USVALUE at AED 110.6k. GRMNY, the Lunate S&P Germany UCITS ETF, normally dormant, traded 8.37 times its seven-day average, though on just AED 13.0k and against a 2026-10-28 prior close, so its move is not a one-day figure.
Equities
Strength on the equity board, which traded AED 1.64bn in total, was broad but led by heavyweights. ALDAR, Al Dar Properties, closed 6.49% higher on AED 249.75m, 2.21 times its average volume, and is up 7.19% over the week from its 2026-10-27 base. FAB, First Abu Dhabi Bank, rose 3.96% on AED 169.85m, ADIB, Abu Dhabi Islamic Bank, gained 5.94% on AED 147.97m, and ADNOCGAS, ADNOC GAS PLC, added 2.22% on AED 150.10m. ADNOCGAS carries the heaviest net weekly buying pressure on the board at AED 50.42m, followed by ADIB at AED 44.32m and ADCB, Abu Dhabi Commercial Bank, at AED 34.90m. Breadth was firm: 46 of the 71 equities measured against the preceding session closed higher, 16 lower and 9 unchanged, with 3 names excluded for stale prior closes and 1 with no prior close at all.
The weak spot was IHC, which closed 5.00% lower on AED 170.98m, the worst one-day performer among those 71 equities, and carries the board's heaviest net weekly selling pressure at AED 48.24m, ahead of E7, E7 Group PJSC, at AED 16.19m and ALPHADHABI, ALPHA DHABI HOLDING PJSC, at AED 11.40m. ADNH, Abu Dhabi National Hotels Co, was a volume event in its own right, trading 775.20 times its seven-day average on AED 63.14m while closing 3.58% higher. The breadth of participation comes as UBS joined ADX as its second international remote trading member, widening access for global investors. IHC's week, down 7.13% from its 2026-10-27 base, is the figure 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.