Key Highlights
- UAEA, the Lunate S&P UAE Shariah ETF, traded AED 3.61m on 397,485 shares, ranking 1st by value on the ETF board, closed 1.73% lower on the day and traded 6.21 times its seven-day average volume; it is up 2.71% over the week from its 2026-11-06 base.
- SAUDIA, the Lunate S&P KSA Shariah ETF, was the best one-day performer on the ETF board at +2.24%, though on only 1,282 shares (AED 4.1k).
- CHHK, the Lunate S&P China HK Shariah ETF, ranked 2nd by value on the ETF board at AED 55.4k and is down 4.51% over the week from its 2026-11-06 base.
- PHX, Phoenix Group PLC, was the best one-day performer on the equity board at +6.86% on 19,018,449 shares (AED 9.62m), trading 9.29 times its seven-day average volume.
- Exchange-wide turnover was AED 1.78bn, 37.4% lower than the previous session but 1.9% above the average of the 9 prior sessions in the feed.
- FAB, First Abu Dhabi Bank, carries the heaviest net weekly buying pressure on the equity board at AED 355.90m; ADNOCGAS, ADNOC GAS PLC, carries the heaviest net weekly selling pressure at AED 527.75m.
- Exchange-wide, AED 348.94m more value crossed at the bid than at the ask.
Market Overview
Friday's ADX session was a quieter, mixed one in which the ETF board's dominant name gave back ground. UAEA, the Lunate S&P UAE Shariah ETF, ranked 1st by value on the ETF board at AED 3.61m, closed 1.73% lower on the day against its 2026-11-12 close on 6.21 times its seven-day average volume. The move reverses the 3.12% advance highlighted in Thursday's Market Wrap, and it came as exchange-wide turnover fell 37.4% from the previous session's AED 2.85bn to AED 1.78bn, still 1.9% above the average of the 9 prior sessions in the feed.
The tension is between the day's prices and the week's positioning. UAEA fell on heavy relative volume yet still carries the ETF board's heaviest net weekly buying pressure, AED 2.42m, and remains up 2.71% over the week from its 2026-11-06 base. On the equity board the picture leaned lower: of the 69 equities measured against the immediately preceding session, 37 closed lower, 22 higher and 10 unchanged, with 6 further traded names excluded because their most recent prior close is older than the preceding session. Exchange-wide, AED 348.94m more value crossed at the bid than at the ask.
ETFs
UAEA carried the ETF board almost alone, taking 91.8% of the board's AED 3.94m total. Its 1.73% decline on the day sits against a week in which it is up 2.71% from its 2026-11-06 base and tops the board's net weekly buying pressure at AED 2.42m, ahead of GCCDIV, the Lunate Solactive GCC Shariah Dividend ETF, at AED 84.4k and QUANTM, the Boreas Solactive Quantum Computing UCITS ETF Share Class B Distributing, at AED 74.4k. One day of lower prices on elevated volume has not yet dented the week's bid-side skew.
Breadth was in fact positive: of the 17 ETFs measured against the immediately preceding session, 8 closed higher, 6 lower and 3 unchanged, with 3 further traded funds excluded because their most recent prior close is 2 to 4 calendar days back. CHHK, the Lunate S&P China HK Shariah ETF, ranked 2nd by value at AED 55.4k, slipped 0.55% on the day and is down 4.51% over the week from its 2026-11-06 base, which fits with a deepening sell-off in Chinese AI and technology names over fears of tougher chip restrictions. CHHK also carries the second-heaviest net weekly selling pressure on the board at AED 96.1k, behind GRMNY, the Lunate S&P Germany UCITS ETF, at AED 547.1k, which did not trade in the session.
QUANTM gained 1.69% on the day and is up 6.47% over the week from its 2026-11-06 base, and AIPOWR, the Boreas S&P AI Data Power & Infrastructure UCITS ETF - AED (Dist), added 0.90% on 1.29 times its seven-day average volume. SAUDIA, the Lunate S&P KSA Shariah ETF, was the board's best one-day performer at +2.24%, though on just 1,282 shares (AED 4.1k).
Among smaller prints, KWTI, the Lunate S&P Kuwait Shariah ETF, was the busiest relative to its own seven-day average at 29.77 times, on only 387 shares (AED 1.5k), a dormant name waking up rather than a volume event. Its Kuwait exposure gains a regional backdrop from Boursa Kuwait's expectation of its first ETF listings in the first half of 2027. LUXURY, the Boreas S&P Absolute Luxury UCITS ETF AED (Dist), traded 6.14 times its average, though on AED 35.0k, and closed unchanged.
Equities
The equity board traded AED 1.78bn in total, with ADNOCGAS, ADNOC GAS PLC, ranked 1st by value at AED 635.74m on 1.61 times its seven-day average volume, closing unchanged on the day. It carries the equity board's heaviest net weekly selling pressure at AED 527.75m even while up 6.17% over the week from its 2026-11-06 base. FAB, First Abu Dhabi Bank, ranked 2nd at AED 196.65m, eased 0.76% on the day but tops the board's net weekly buying pressure at AED 355.90m, ahead of ETISALAT, Emirates Telecommunications Group Company PJSC, at AED 44.46m and ADCB, Abu Dhabi Commercial Bank, at AED 31.01m, consistent with continued positioning around FAB's AED 16.46bn profit and its weight in regional ETF portfolios.
Strength was narrow. PHX, Phoenix Group PLC, was the best one-day performer on the equity board at +6.86% on 19,018,449 shares (AED 9.62m), trading 9.29 times its seven-day average volume and up 16.03% over the week from its 2026-11-06 base. ESHRAQ, ESHRAQ INVESTMENTS PJSC, added 3.11% on 2.21 times its average volume.
The weak side was broader. ADIB, Abu Dhabi Islamic Bank, fell 2.17% on the day, and the worst one-day performer was ICAP at -4.73% on 1,254,806 shares (AED 1.80m). ADIBRI26, the ADIB Rights Issue 2026, remains the name to watch into next week: it traded AED 58.07m on 4.98 times its seven-day average volume and is up 48.48% over the week from its 2026-11-06 base.
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.