MIDEAST STOCKS-Egypt surges after Sisi cleared for presidency vote; UAE mkts rebound | Reuters:
"* Egypt market shrugs off killing of senior official
* Index rises above January 2011 peak
* EFG-Hermes jumps after saying it's arranging IPOs
* Dubai bounces 3.2 pct, back near 5-year high
* Emaar soars after upgrade by EFG-Hermes
By Nadia Saleem
DUBAI, Jan 28 (Reuters) -
Egypt's stock market climbed to a 44-month high on Tuesday after the army chief was given the green light to run for president, while markets in the United Arab Emirates snapped a two-session decline.
The Supreme Council of the Armed Forces cleared Field Marshal Abdel Fattah al-Sisi to run in upcoming elections, which he looks sure to win. Many Egyptians see him as the best chance for political stability.
"Sisi still didn't officially announce his bid for presidency, but all roads are leading in that direction because of popular demand," said Mohamed Radwan, director of international sales at Pharos Securities in Cairo."
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