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Arabtec withstands Dubai market’s ebb and flow-mode

Despite the increase in market volatility the Dubai Financial Market's construction heavyweight Arabtec ended flat at Dhs1.28. Emaar Properties, as the most liquid share, slipped 0.33% to Dhs3.05. Islamic home financing company Tamweel also closed even at Dhs1.28. Earlier in the day, Tamweel said in a statement it confirms media reports from June 19 2012 that it has not concluded any settlement any settlement arrangement with Al Mazaya Holding on the project "The Villa" in 2011. Some 77.8m shares were traded, valued at Dhs101.3m.