UAE ranks fifth most stock-obsessed country in the world

UAE ranks fifth most stock-obsessed country in the world

The UAE has ranked fifth in the world in a recent survey that ranks countries according to their interest in stock trading. No other Gulf or Arab nation made it to the top 10.

The study was conducted by CMC Markets, a UK-based financial services company that offers online derivative trading products such as spread betting and contracts for difference across world markets such as shares and foreign exchange.

The study examined Google Trends data of search terms frequently used by people interested in stocks and trading. These terms were then combined to give each English-speaking country a ‘total search score’ to discover which countries have been the most interested in stocks in the past 12 months. Using these criteria, the UAE scored 374 out of a maximum possible score of 700.

The study revealed that Singapore ranks highest as the country most interested in stocks and trading. With a total search score of 555 out of a possible 700, Singapore topped the list for its population having the highest search levels for the phrases ‘stocks’, ‘buy stocks’, and ‘interest rate’ worldwide. Additionally, the population of Singapore search for ‘stock market’ the third most worldwide, behind the United States and India.

India is second