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Arabtec shares lose after CEO trading ban

The DFM General Index declined for the second consecutive day, ending 0.67% lower at 1,648.29 points. Dubai-based construction giant Arabtec suffered a loss of 2.46% to finish at Dhs1.98. Its CEO Riad Kamal was banned by the UAE market regulator yesterday from trading securities at UAE exchanges for 6 months apparently after a review of his personal trading activities in 2009, Emirates 24/7 reported. Logistics specialist Aramex was the main DFM-gainer, rising to Dhs2.13 (up 2.40%). Trading volumes declined 34% to 78m shares worth Dhs133.79m. Two stocks gained, 22 declined and three ended flat.