MIDEAST STOCKS-Egypt rallies as Sisi reappointed; Qatar's Mesaieed tumbles | Reuters:
"* Egypt up on govt continuity, step towards election
* Qatar's Mesaieed falls after Wednesday's first-day surge
* Banks lift Dubai, weigh on Abu Dhabi
By Olzhas Auyezov
DUBAI, Feb 27 (Reuters) - Egypt's bourse rallied on Thursday after army chief Abdel Fattah al-Sisi kept his post in the new government and authorities said a draft election law would be presented this weekend.
Other markets were mixed, while Qatar's Mesaieed Petrochemical Holding dropped its daily limit of 10 percent after soaring 450 percent on its bourse debut on Wednesday.
Egypt's index rose 1.6 percent to 8,127 points as it became clear that Sisi would remain defence minister after a surprise government reshuffle.
Supported by many Egyptians, Sisi is widely expected to run for president, but the election can only be held once a new law spelling out its rules is in place.
The draft presidential election law will be handed to interim President Adly Mansour no later than Saturday for approval, according to state media."
'via Blog this'
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