Key Highlights
- UAEA, the Lunate S&P UAE Shariah ETF, was the best one-day performer on the ETF board at +3.12%, trading AED 1.33m, 68.9% of the board's value, on 3.54 times its seven-day average volume.
- UAEA also carries the heaviest net weekly buying pressure on the ETF board at AED 1.07m, ahead of GCCDIV at AED 84.3k and QUANTM at AED 56.6k.
- CHHK, the Lunate S&P China HK Shariah ETF, fell 2.16% on the day and is down 5.48% over the week from its 2026-11-05 base, on 3.09 times its seven-day average volume.
- GRMNY, the Lunate S&P Germany UCITS ETF, carries the heaviest net weekly selling pressure on the ETF board at AED 547.1k; it eased 0.81% on the day.
- FAB, First Abu Dhabi Bank, closed 9.64% higher on the day on AED 828.83m traded, 3.08 times its seven-day average volume, and is up 10.67% over the week from its 2026-11-05 base.
- Exchange-wide turnover of AED 2.81bn was 22.0% higher than the previous session and 83.6% above the average of the 9 prior sessions in the feed.
- A new fund, GQGU, is set to list on ADX on 19 November 2026, extending the board's line-up beyond its current 26 listings.
Market Overview
The ETF board's largest name by value set the session's tone. UAEA, the Lunate S&P UAE Shariah ETF, closed 3.12% higher on the day on AED 1.33m traded, 3.54 times its seven-day average volume, the best one-day performer on the ETF board and 68.9% of the board's value. The move tracked the fund's home market: FAB, First Abu Dhabi Bank, rose 9.64% on AED 828.83m of turnover, and exchange-wide value traded reached AED 2.81bn, 22.0% higher than the previous session. The gain reverses the 0.55% slip UAEA posted atop the board in Wednesday's wrap.
The counterpoint is breadth. Of the 20 ETFs measured against the immediately preceding session, 12 closed lower, 7 closed higher and 1 closed unchanged, so the board's strength was concentrated in UAE-exposed funds while international trackers fell. On the equity board the picture was finely balanced away from the heavyweights: 33 of 71 measured equities closed higher, 32 lower and 6 unchanged.
ETFs
UAEA's session combined the board's top one-day return, its largest value traded and an elevated volume multiple, and the week-long picture matches: the fund is up 3.58% from its 2026-11-05 base and carries the heaviest net weekly buying pressure on the ETF board at AED 1.07m. Behind it on that ranking sit GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, at AED 84.3k and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, at AED 56.6k. GCCDIV was itself the board's second-best one-day gainer, up 1.44% on 10.44 times its seven-day average volume, though on just AED 100.7k.
The other side of the board was weaker. GRMNY, the Lunate S&P Germany UCITS ETF, the second-largest name by value at AED 171.3k, eased 0.81% on the day and carries the board's heaviest net weekly selling pressure at AED 547.1k, followed by CHHK, the Lunate S&P China HK Shariah ETF, at AED 173.8k and JPANI, the Lunate S&P Japan UCITS ETF, at AED 75.8k. CHHK fell 2.16% on the day on 3.09 times its average volume and is down 5.48% over the week from its 2026-11-05 base, the clearest sustained decline among the board's larger names.
QUANTM slipped 1.66% on the day on AED 85.7k, and USVALUE, the Lunate S&P US Shariah Value ETF, fell 1.43% on a thin AED 2.8k. The worst one-day performer on the board was KWEB, the KraneShares CSI China Internet ETF, at -2.49%, though on only 15 shares (AED 1.3k).
Among smaller prints, AGIX, the KraneShares Public-Private AI & Technology ETF, was the busiest name on the board relative to its own seven-day average at 23.25 times, on 186 shares (AED 27.5k); its most recent prior close is 2026-11-09, so it has no one-day move. For context on the board's shape, GQGU is due to launch on ADX on 19 November 2026, a listing date worth noting ahead of next week's sessions.
Equities
Equity strength was concentrated in banks. FAB closed 9.64% higher on AED 828.83m, 29.5% of the equity board's value, and also carries the board's heaviest net weekly buying pressure at AED 303.66m, ahead of ETISALAT, Emirates Telecommunications Group Company PJSC, at AED 54.78m and ADNH, Abu Dhabi National Hotels Co, at AED 20.24m. ADIB, Abu Dhabi Islamic Bank, rose 3.27% on AED 242.04m and is up 12.15% over the week from its 2026-11-05 base, and ADCB, Abu Dhabi Commercial Bank, added 2.89%. ADNOCGAS, ADNOC GAS PLC, gained 1.47% on AED 648.30m, 1.92 times its seven-day average volume.
The weak spots sat among large diversified names. IHC, International Holding Company PJSC, fell 0.63% and is down 4.31% over the week; it also carries the board's heaviest net weekly selling pressure behind ADNOCGAS's AED 220.65m, at AED 92.92m, with ADIB third at AED 48.78m despite its price gains. FERTIGLB, Fertiglobe plc, was the largest decliner among the top names by value, down 2.68% on 3.07 times its average volume.
ADNH traded 44.56 times its seven-day average volume on AED 19.38m, the session's standout volume event on a material base, closing 0.63% higher. The best one-day performer on the equity board was UAB at +12.98%, though on a modest AED 192.6k; the worst was ICAP at -4.52% on AED 1.62m.
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.