By Bedour Al-Raei

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) showed bearish performance this week amid thin liquidity, pressured by Etisalat and First Gulf Bank.

The benchmark declined 0.94% or 40.20 points this week to reach 4219.86.

All markets, including the local exchanges, are still impacted by investors' worries that weighed on liquidity, said Wadah Al-Taha, capital expert, told Mubasher.

Liquidity dropped from AED 1.33 billion ($362 million), compared with AED 1.129 billion ($307 million) a week earlier. Traded volume fell from 418 million shares to 368.65 million shares.

Market capitalisation dropped AED 4.48 billion ($1.22 million) from AED 409.05 billion ($111.339 billion) to AED 404.57 billion ($110.117 billion).

Investors' sentiment is impacted by forecasts that companies will show negative performance during the fourth quarter of 2015 as well as falling oil prices.  

The banking sector deepened its losses, pressured by First Gulf Bank which dipped 0.41%.

The real estate sector rose 0.62%, boosted by Aldar which climbed 1.28%.

Soaring 15.8%, Taqa pulled the energy sector 3.11% higher.   

Translated by Abdul Maguid Aboshahla