Arabtec led yesterday's movements on the Dubai Financial Market as investor sentiment remained cautious prior to the announcement of the 2009 results. The general index lost 22.81 points, or 1.24 per cent, and closed at 1,814.33 points. Arabtec, the most active stock from the start of the session, accounted for 51 per cent of trade values and was also the biggest loser as it declined 6.92 per cent to Dh2.69. The stock faced selling pressure from a range of investors, in particular those from abroad, as the market responded negatively to Aabar Investments' plan to acquire a 70 per cent stake in the company through convertible bonds. Investors regarded the deal as very dilutive for existing shareholders. If the agreement proceeds as announced the stake in Arabtec held by foreign investors will drop sharply from more than 30 per cent to below 10 per cent.