UAE investors aided the US tech stock rebound in the second quarter – The National

UAE investors aided the US tech stock rebound in the second quarter – The National

Microsoft tops the list of the most-traded stocks in the Emirates between April and June, Saxo Bank says

















Apple took the second spot in the list of the most-traded equities among Saxo Bank's UAE clients. Bloomberg







UAE investors helped spur the rebound of American technology stocks in the second quarter of this year, with Microsoft topping the list of the most-traded equities in the Emirates between April and June, according to Saxo Bank.



Apple took the second spot in the list of the most-traded equities among the investment bank's UAE clients, followed by Tesla, Amazon and Facebook.



"Even though we have seen a massive comeback on the stock market, we are not out of the woods yet," said Peter Garnry, head of equity strategy, Saxo Bank.





"As we enter Q3, markets remain fragile. The Volatility Index is indicating a very volatile summer, where Q2 earnings releases will finally reveal the real damage to the corporate sector and potentially give us a rough sketch of what is ahead.“



The S&P 500 recorded its best quarter since 1998 in the three-month period ending June 30, following a 20 per cent plunge