Key Highlights
- UAEA, the Lunate S&P UAE Shariah ETF, topped the ETF board at AED 296.8k, closed 0.90% higher on the day and carries the board's heaviest net weekly buying pressure at AED 442.3k.
- JPANI, the Lunate S&P Japan UCITS ETF, the board's second-largest name by value, closed 1.29% lower on the day and is down 5.95% over the week from its 2026-10-28 base, with the board's heaviest net weekly selling pressure at AED 198.0k.
- CHHK, the Lunate S&P China HK Shariah ETF, was the best one-day performer on the ETF board at +5.22%, on 8,129 shares (AED 31.2k).
- Exchange-wide turnover was AED 1.94bn, 17.9% higher than the previous session and 90.8% above the average of the 9 prior sessions in the feed.
- BURJEEL, Burjeel Holdings PLC, was the equity board's best one-day performer at +14.55%, on 20,132,385 shares (AED 24.63m), trading 19.86 times its seven-day average volume.
- IHC, International Holding Company PJSC, led the equity board by value at AED 394.53m and carries the board's heaviest net weekly selling pressure at AED 115.13m.
- ADCB, Abu Dhabi Commercial Bank, carries the equity board's heaviest net weekly buying pressure at AED 84.42m over the week.
Market Overview
Thursday's ADX session was activity-driven and leaned positive. Exchange-wide turnover reached AED 1.94bn across 97 active tickers, 17.9% higher than Wednesday and 90.8% above the average of the 9 prior sessions. On the ETF board, UAEA, the Lunate S&P UAE Shariah ETF, again led by value, closing 0.90% higher and extending the demand for UAE trackers highlighted in Wednesday's Market Wrap. Of the 17 ETFs measured against the immediately preceding session, 10 closed higher, 4 lower and 3 unchanged, with 4 further traded names excluded because their most recent prior close is older than the preceding session.
The tension sat in two places. On the ETF board, JPANI, the Lunate S&P Japan UCITS ETF, the second-largest name by value, moved the other way, down 1.29% on the day and 5.95% over the week. And exchange-wide, despite more gainers than decliners, AED 114.23m more value crossed at the bid than at the ask, so the heavy turnover was not uniformly demand-led.
ETFs
UAEA traded AED 296.8k on 33,353 shares, ranking 1st by value on the ETF board, at 3.46 times its seven-day average volume. Its AED 442.3k of net weekly buying pressure is the board's heaviest, with UAED, the Lunate S&P UAE UCITS ETF, next at AED 202.6k and USGRWTH, the Lunate S&P US Shariah Growth ETF, at AED 101.4k. UAED itself closed 0.34% higher on AED 73.4k, though it is still down 0.51% over the week from its 2026-10-28 base.
JPANI was the day's clearest drag among names that matter by value. It traded AED 234.7k on 43,456 shares, 1.71 times its average volume, and fell 1.29% on the day. Its AED 198.0k selling-pressure figure tops the board, ahead of SUKUK, the Lunate JP Morgan Global Sukuk ETF, at AED 131.1k and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, at AED 118.0k. Nukoud has recently compared Lunate's sukuk fund with iShares and HSBC peers; SUKUK itself was Thursday's thinnest ETF versus its own average, at 0.056 times, on AED 2.2k.
USVALUE, the Lunate S&P US Shariah Value ETF, was the busiest substantive advancer, up 3.08% on AED 194.9k and 8.31 times its average volume, a session after US markets digested the Democratic midterm sweep. CHHK was the board's best one-day performer at +5.22% on AED 31.2k and is up 8.50% over the week from its 2026-10-28 base.
GRMNY, the Lunate S&P Germany UCITS ETF, normally near dormant, was the busiest name relative to its own seven-day average at 35.35 times, though on just AED 95.0k, closing 1.24% higher. Across all 26 ETF board listings with a seven-day net-pressure figure, including 5 that did not trade today, 13 carry positive weekly net pressure and 12 negative. The board's next listing story is already queued: the UAE regulator has approved the GQGU ETF for ADX trading.
Equities
Of the 69 equities measured against the immediately preceding session, 36 closed higher, 22 lower and 11 unchanged, with 6 traded names excluded because their prior close is older than the preceding session. Value was concentrated at the top: IHC traded AED 394.53m, 1.92% higher on 5.84 times its average volume, and ADNOCGAS, ADNOC Gas PLC, traded AED 350.16m, up 0.31% on 3.77 times its average. BURJEEL was both the best one-day performer at +14.55% and the busiest versus its own average at 19.86 times, on AED 24.63m.
The weak spots were ADNOCLS, ADNOC Logistics & Services PLC, down 3.30% on AED 124.18m, ALDAR, Al Dar Properties, down 1.34% on AED 197.78m, and FAB, First Abu Dhabi Bank, down 1.65%. ICAP was the worst one-day performer at -4.64%, on AED 2.19m.
Weekly positioning cuts both ways. ADCB and ADIB, Abu Dhabi Islamic Bank, carry the board's heaviest net weekly buying pressure at AED 84.42m and AED 63.73m respectively, while IHC's AED 115.13m of selling pressure, ahead of ETISALAT, Emirates Telecommunications Group Company PJSC, at AED 27.19m and ADNOCLS at AED 24.92m, sits against IHC's 3.18% weekly decline from its 2026-10-28 base. Whether IHC's day-one gain stems that weekly figure is the near-term test.
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.