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Uncertainty about the future of Dubai contractor Arabtec Holding put local investors in a bearish mood Sunday, affecting the whole market, which ended a three-day gaining streak.Arabtec shares have plunged 43 percent this month after one of its main shareholders, Abu Dhabi state fund Aabar Investments, reduced its stake in the firm to 18.94 percent from 21.57 percent.Emaar Properties fell 3.4 percent, Deyaar Development slid 2.5 percent and Union Properties fell 1.3 percent.National Bank of Abu Dhabi and Aldar Properties fell 1.7 and 2 percent respectively, while First Gulf Bank rose 1.6 percent and Abu Dhabi Commercial Bank added 1.5 percent.Qatar's index gained 0.05 percent as Qatar National Bank and Industries Qatar partly recovered from short-term weakness caused by changes in the FTSE frontier market index last week. Shares in QNB and Industries Qatar added 1.1 percent and 0.4 percent respectively.The stock underperformed the Saudi index, which rose 0.1 percent.
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