Qatar: The Qatar Exchange 20 Index headed down 1% to 9,246.19 points on Thursday. The Gulf state's second lender Commercial Bank of Qatar or CBQ ended off 1.56% at QR69.60. Earlier in the CBQ said its board of directors has reviewed the operating performance of and future potential for Gekko LLC and has approved the dissolution of the Company. "Gekko was formed as a joint venture in which Commercial Bank owns 50% of the shares to market contactless payment cards. The impact on the financial performance of Commercial Bank will be minimal." [AMEInfo.com]
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