Underlying Asset Performance: AM3A.PA's price closely tracks the performance of the companies within the MSCI ACWI IMI Islamic M100 UCITS ETF it mirrors. Positive stock returns drive the ETF higher; negative returns lower it.

Supply and Demand: High demand for AM3A.PA relative to available shares pushes the price up. Increased selling pressure leads to price declines.

Currency Fluctuations: As AM3A.PA holds international assets, currency movements impact returns. A stronger Euro versus other currencies may negatively affect returns; a weaker Euro may boost them.

Interest Rates: Rising interest rates can make bonds more attractive than stocks, potentially reducing demand for AM3A.PA and lowering its price. Conversely, falling rates can increase demand.

Market Sentiment: Overall investor optimism or pessimism influences trading activity. Positive sentiment can drive buying pressure on AM3A.PA; negative sentiment can trigger selling.

Management Fees & Expenses: The ETF's expense ratio and other operational costs reduce the fund's net asset value, slightly impacting the price. Higher expenses mean less return for investors.

Tracking Error: Imperfect tracking of the underlying index leads to deviations between the ETF's performance and the index. This error affects the fund's price relative to expectations.

Economic Conditions: Overall economic health influences corporate profits and investor confidence. Strong economic growth usually supports higher prices; recessions often lead to price declines.