Key Highlights
- QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, fell 7.61% on the day, the worst on the ETF board, on AED 208.6k, ranking 1st by value and trading 2.67 times its seven-day average volume.
- JPANI, the Lunate S&P Japan UCITS ETF, closed 3.91% lower on the day and is down 7.86% over the week from its 2026-10-30 base.
- USGRWTH, the Lunate S&P US Shariah Growth ETF, fell 3.58% on the day on AED 207.2k, second by value on the board.
- GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, was the best one-day ETF performer at +2.04%, though on just 1,336 shares (AED 4.6k).
- BURJEEL, BURJEEL HOLDINGS PLC, was the equity board's best one-day performer at +3.17% on AED 20.08m, 3.05 times its seven-day average volume, and is up 20.37% over the week from its 2026-10-30 base.
- Exchange-wide turnover was AED 1.06bn, 46.0% lower than the previous session's AED 1.96bn and 4.8% below the nine-session average of AED 1.11bn.
- UAEA, the Lunate S&P UAE Shariah ETF, carries the heaviest net weekly buying pressure on the ETF board at AED 335.9k.
Market Overview
Friday's session on the Abu Dhabi Securities Exchange belonged to the ETF board's technology-exposed names. QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, topped the board by value at AED 208.6k while falling 7.61% on the day, the board's worst one-day move, on 2.67 times its seven-day average volume. USGRWTH, the Lunate S&P US Shariah Growth ETF, and JPANI, the Lunate S&P Japan UCITS ETF, fell 3.58% and 3.91% respectively, consistent with a sharp overnight Wall Street selloff that pushed the Nasdaq Composite into correction territory and hit Asian technology stocks on Friday.
The equity board offered little offset. Of the 71 equities measured against the immediately preceding session, 44 closed lower, 17 higher and 10 unchanged, with 9 further traded names excluded because their most recent prior close is 2 to 22 calendar days back. Exchange-wide, AED 89.20m more value crossed at the bid than at the ask, and turnover of AED 1.06bn was 46.0% below Thursday's AED 1.96bn, reversing the above-average activity flagged in Thursday's Market Wrap.
ETFs
QUANTM's print was the session's defining ETF event: the fund traded 124,012 shares, ranked 1st by value on the board, and is now down 9.09% over the week from its 2026-10-30 base. USGRWTH, the Lunate S&P US Shariah Growth ETF, was close behind at AED 207.2k, its 3.58% one-day fall matching its decline over the week from 2026-10-30. Both moves fit the backdrop of commentators questioning whether the AI trade is unwinding after the Democratic midterm sweep.
UAEA, the Lunate S&P UAE Shariah ETF, ranked 3rd by value at AED 129.2k and eased 0.90% on the day, but remains up 2.67% over the week from its 2026-10-30 base and carries the heaviest net weekly buying pressure on the board at AED 335.9k, ahead of USGRWTH at AED 249.9k and UAED, the Lunate S&P UAE UCITS ETF, at AED 170.2k. UAED itself rose 1.71% on the day. The domestic trackers' resilience extends the pattern of Thursday's wrap, where UAEA led the board.
CHHK, the Lunate S&P China HK Shariah ETF, fell 1.57% on 3.04 times its seven-day average volume (AED 113.2k) but is up 7.71% over the week from 2026-10-30. INDI, the Lunate S&P India Shariah ETF, gained 0.98% on 2.41 times its average volume, though on just AED 11.8k; it is up 6.19% over the week, a move consistent with India being floated as a hedge while tech-heavy markets fall. JPANI is down 7.86% over the week and carries AED 96.0k of net weekly selling pressure, second only to SUKUK, the Lunate JP Morgan Global Sukuk ETF, at AED 127.7k.
Breadth was negative: of the 18 ETFs measured against the immediately preceding session, 10 closed lower, 7 higher and 1 unchanged. GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, topped the board at +2.04%, though on just 1,336 shares (AED 4.6k). USTBILL, the Lunate iBOXX US Treasury Bill ETF, was the busiest relative to its own seven-day average at 2500.00 times, a normally dormant fund trading 500 shares (AED 4.7k). Across all 26 ETF listings with a seven-day net-pressure figure, including 8 that did not trade today, 13 carry positive weekly net pressure and 11 negative.
Equities
ADNOCGAS, ADNOC GAS PLC, led the equity board at AED 220.07m on 1.37 times its seven-day average volume, closing unchanged on the day. BURJEEL, BURJEEL HOLDINGS PLC, was the board's best one-day performer at +3.17% on AED 20.08m and 3.05 times average volume, extending a week in which it is up 20.37% from its 2026-10-30 base; it also ranks third for net weekly buying pressure at AED 18.91m, behind ADIB, Abu Dhabi Islamic Bank, at AED 81.15m and ADCB, Abu Dhabi Commercial Bank, at AED 75.08m. ADIB added 0.75% on the day and is up 8.45% over the week from 2026-10-30.
The weak side was led by IHC, International Holding Company PJSC, which fell 2.79% on AED 64.25m and carries the heaviest net weekly selling pressure on the equity board at AED 118.51m, ahead of FAB, First Abu Dhabi Bank, at AED 39.18m and ETISALAT, Emirates Telecommunications Group Company PJSC, at AED 23.83m. ALDAR, Al Dar Properties, the board's second-largest name by value at AED 136.60m, closed 1.73% lower. Across all 106 equity listings with a seven-day net-pressure figure, 42 carry positive weekly net pressure and 47 negative. IHC's weekly selling tally, highlighted in Thursday's wrap alongside its heavy turnover, remains the figure to watch on the board.
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.