US tech companies prove popular for GCC traders in 2020

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Wed, 2020-12-30 21:41

JEDDAH: US technology companies attracted the highest trading volumes among investors worldwide in 2020, including the Gulf Cooperation Council (GCC) region, Saxo Bank reported.

The Copenhagen-based investment bank said strict lockdowns and the need for employees to work from home due to the coronavirus pandemic have positively impacted the most actively traded US tech companies, with their indexes up more than 40 percent for 2020.

 US technology companies attracted the highest trading volumes among investors worldwide in 2020, including the Gulf Cooperation Council (GCC) region. (Reuters/File Photo)
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