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CBQ reports higher Q1 profit, shares slip

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Qatar: The Qatar Exchange 20 Index advanced 0.15% to reach 8,422.26 points. The country's second lender Commercial Bank of Qatar, known as CBQ, closed off 1.54% at QR64.00. Earlier in the day, CBQ said its net profit in the 1st quarter rose 7% to QR506m compared with QR471m achieved in the first quarter of 2012, which was up by 13% over Q4 2012. [AMEInfo.com]

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