UAE investors are seeking out and monitoring stocks in the UAE as they look to add to their portfolios.
According to a recent study, BP is the most searched UK stock in the UAE, with more than 2,500 monthly searches.
There are over an estimated 37,000 monthly searches in the UAE for UK stocks.
5 most-searched UK stocks in UAE
- BP with 2,560 searches on average per month
- International Airlines Group with 2,180 searches on average per month
- Anglo American with 1,450 searches on average per month
- HSBC with 1,430 searches on average per month
- Shell with 1,230 searches on average per month
The study, by UK financial services provider CMC Markets, analysed Google search data for more than 250 top UK stocks in the most populated countries and found that BP, International Airlines Group, and Anglo American were the top three searches in the UAE.
An estimated one in ten UAE-based searches for UK stocks is for oil and gas companies, greater than the global average of one in 12.
BP, which recently announced record profits of $28bn, is the most popular UK stock in the UAE with more than 2,500 monthly searches, representing 3 in 50 of all UAE-based searches for UK stocks.
The study also revealed that BP is the second most searched UK stock globally.
The multinational oil and gas company is the most searched globally, including countries such as Azerbaijan, Cyprus, Iraq, Oman, Philippines, Qatar, Turkey, and Vietnam.
BP is also the most popular in the United Kingdom and the United States and has the highest monthly search volume out of any UK stock, with more than 994,000 searches.
Search volume is primarily driven by the United Kingdom and the United States traffic, making up nearly nine in ten (88%) global searches for BP stock.
International Airlines Group is the second most popular UK stock in the UAE, with more than 2,100 monthly searches. “AG share price” is searched 1,900 times per month in the UAE.
Anglo American, a mining company, is the third most searched UK stock in the United Arab Emirates. The country has an estimated 1,450 monthly searches for Anglo American stock.
HSBC is the fourth most popular UK stock nationally. More than 1,400 monthly searches are made for its stock in the United Arab Emirates, with “HSBC share price” being the top search term at a volume of 1,100 per month.
Shell is the fifth most-Googled UK stock and is the second oil and gas company in the top five. There are more than 1,200 monthly searches for its stock, with three-quarters being made by investors keeping track of its share price.
The study reveals more than 37,000 estimated monthly searches for UK stocks in the UAE.
A spokesman from CMC Markets said: “There are more than 16.6m estimated monthly searches for UK stocks worldwide, with just over one in four searches coming from outside the UK.
“These findings highlight BP’s global reach and popularity as a publicly traded company. The high search volume for these stocks indicates strong consumer interest in oil and gas companies and their financial performance.
“It is also worth noting that the average monthly search volume for these stocks indicates consumer sentiment toward the stock. Investors should take note of the high search volume for the top five stocks in the UAE, as this may indicate strong potential for growth in these companies.
“The study provides valuable insight into consumer sentiment toward UK stocks internationally. The findings of the study can help investors make more informed decisions when it comes to investing in UK stocks”.
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