Wahed FTSE USA Shariah ETF is trading at $71.86 (+2.04%) following a tech-led rebound in the broader market.
- Strength in the information technology sector lifted the fund, which maintains a significant 49.5% allocation to the industry.
- A broader market recovery in the Nasdaq and growth stocks fueled buying interest during after-hours trading.
- Improving market sentiment helped the fund overcome recent headwinds related to inflation and geopolitical tensions.