Dubai, Abu Dhabi stocks rebound

Dubai:Gulf stocks rebounded with oil and other Asian peers as investors betted on stimulus from China after the GDP data.

China's economy grew 6.8 percent in the fourth quarter from a year earlier, Tuesday's gross domestic product (GDP) data showed, the slowest growth since 2009, raising stimulus hopes.

Abu Dhabi Securities Exchange general index was up 2.54 per cent at 3,981.48, while the Dubai index was also up 3.13 per cent.

Brent crude was up more than 2 per cent to be at $29 per barrel.