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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Arabtec slumps after Aabar stake boost stems rally

Posted on 07 March 2012

Arabtec Holding PJSC (ARTC) slumped the most in a year on investor speculation a rally was overdone and after data showed Aabar Investments PJSC (AABAR) raised its stake in the United Arab Emirates’ biggest construction company.
Shares of Dubai-based Arabtec, up 104 percent so far this year, tumbled 7.1 percent, the most since March 2011, to 3.25 dirhams at the 2 p.m. close in the emirate………………………………………..Full Article: Source

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