3 US stocks favored by Middle East investors in Q2

20/07/2018 Argaam

 

American technology firms were the most traded shares by its Middle East-based clients in the second quarter of 2018, according to Saxo Bank.

 

NVidia Corp. topped the list of most popular stock followed by e-commerce giants Amazon and Alibaba.

 

“The most traded stocks at Saxo Bank in the Middle East are still technology companies due to their attractive price performance and name recognition,” said Peter Garnry, head of equity strategy, Saxo Bank.

 

“What has changed in recent years is that the top list is dominated by Chinese technology companies as global investors are finally recognizing the growth opportunities," he added.

 

Meanwhile, the Danish investment bank said its global clients showed the same “positive faith” in American firms, with the three most traded stocks globally being Amazon, Alibaba and Facebook.

 

Among the most shorted equities across its users globally were Tesla, Facebook and Apple, it added.

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