MIDEAST STOCKS-Most Gulf markets fall, Egypt lifted by blue-chips | Reuters:
Most major Gulf markets slipped sharply on Thursday, with a possible increase to Islamic tax pulling down Saudi Arabia's banks and Qatar hitting a five-month low.
Saudi Arabia's index was down 0.6 percent due to a sell-off in its bank stocks, with Al Rajhi Bank shedding 2 percent and the country's largest bank, National Commercial Bank, declining 2.1 percent.
The kingdom is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double the current rate, Bloomberg reported.
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