Gulf markets showed no impact from US President Donald Trump’s immigration ban on seven mainly Muslim countries in the Middle East. The Kuwait Stock Exchange Index advanced 1.2% to 6,935.04 as of 11:32am local time, to the highest level since November 2014. “Whether there is any fundamental, lasting improvement in Kuwait’s growth outlook is a different matter.”Donald Trump’s immigration banThe main stock gauge in Iran, one of the countries targeted in the US immigration ban, rose less than 0.1%. Two US judges temporarily blocked President Donald Trump’s administration from enforcing parts of his order to halt immigration from the targeted nations. ALSO READ | Google recalls staff to US after Donald Trump immigration orderThe ban wouldn’t have pressured trade in the Gulf anyway, said Jaap Meijer, the head of equity research of Arqaam Capital Ltd. in Dubai.

Source: Mint January 29, 2017 12:03 UTC