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Shares in Arabtec surged 11.1 percent on strong volume while Dubai's general index rose 3.7 percent, its biggest daily jump this month, as both ended four-day losing streaks.Arabtec tumbled 30 percent earlier this week as a major shareholder, Abu Dhabi state fund Aabar Investments, cut its stake to 18.85 percent from 21.57 percent. The frenzied selling was accompanied by rumors that Arabtec might delist, which the company denied Thursday.Aabar declined to comment on the matter, leaving investors guessing whether it would hold on to its remaining stake and whether it would continue supporting Arabtec in the long term by steering contracts its way.This year, Arabtec signed its largest deal ever, a $40 billion agreement to build 1 million affordable housing units in Egypt.
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