UAE, GCC Stock Markets Rebound, Jolted by Oil Prices Recovery

UAE, GCC Stock Markets Rebound, Jolted by Oil Prices Recovery

Dubai Financial Market General Index gained 5.2 percent while Abu Dhabi Securities Exchange bounced back with a 4.6 percent surge on Tuesday morning.. Crude prices also bounced back on Tuesday morning after crashing 31 percent on the previous day, rising by more than seven percent on the hope of economic stimulus from the US.. Brent crude futures rose $2.51, or 7.3 percent, to $36.87 a barrel by 0418 GMT, while US.West Texas Intermediate (WTI) crude gained $2.15, or 6.9 percent, to $33.28 a barrel..