Overview
ADX recorded AED 1.83 billion in turnover across 97 active tickers, 66.6% above its 14-day average of AED 1.10 billion. The elevated activity accompanied broad gains in banking, real estate and energy stocks, pointing to a clear risk-on session.
The positive tone was consistent with the wider regional market. Saudi Arabia’s Tadawul All Share Index closed 1.1% higher yesterday, while Citadel Securities told clients that the market’s recent technical reset had largely run its course, creating a more constructive environment for equities.
ETFs
ETF trading on ADX was concentrated in UAE core-equity funds, which accounted for most of the day’s fund turnover.
UAED traded AED 11.12 million, compared with a three-month daily average of just AED 27,200, and gained 2.5%. Despite the strong session, the fund has recorded AED 11.3 million in net outflows over the past week. UAEA was also active, trading at 3.6 times its three-month average turnover and rising 3.3%.
Thematic funds were the next-busiest segment. AIPOWR traded at 2.6 times its typical value, while QUANTM climbed 5.9% on AED 217,700 in turnover. The activity coincided with renewed strength in global technology stocks following Palantir’s results, which showed U.S. commercial revenue rising 149% year over year and sent its shares more than 16% higher. The broader Magnificent Seven group also recorded unusually large post-earnings moves, highlighting the continued dispersion within the technology sector.
USGRWTH lagged the group in activity, trading 44% below its average despite gaining 2%. USVALUE stood out on both measures, rising 1.4% on turnover equal to three times its normal level. The move was consistent with Citadel Securities’ view that the technical reset has shifted investors’ attention back toward earnings, valuations and corporate demand.
Equities
ADX equities rallied broadly, led by the banking sector.
ADIB jumped 7.2% on 4.4 times its seven-day average volume and recorded AED 61.6 million in weekly net inflows. ADCB advanced 4.3%, while FAB gained 3.4%, with both trading at approximately twice their normal volume.
ALDAR rose 4.7% on AED 193 million in turnover, supported by AED 149 million in weekly net buying—the strongest flow profile among the day’s most active stocks.
Energy stocks were also heavily traded. ADNOCGAS recorded 3.2 times its average volume, while ADNOCDRILL gained 3.2%. The sector remained in focus following BP’s 144% increase in quarterly profit and renewed oil-price volatility after another vessel reported being struck near the Strait of Hormuz.
IHC was one of the few notable decliners, slipping 0.3% alongside AED 64 million in weekly net outflows.
This article was created with AI assistance and reviewed by our Editorial staff before publication.
