00:00Hello and welcome to Gulf News Daily Business Wrap-Up.
00:05The anxiety seen in the UK's House of Commons can also be seen among pound traders.
00:10Yes, pound traders are anxious, they are dismayed at the same time, in terms of what positions
00:17to take ahead of the no-confidence motion that Theresa May government might face later
00:22in the day today.
00:24So pound as a result in the morning hours fell 0.5 percent, it recovered later to more
00:30than 1 percent and now again it's steady at 1.286 against the dollar.
00:35Well, that just shows how anxious the traders are ahead of the no-confidence motion in the
00:41British Parliament.
00:42Elsewhere, the shares also lagged in terms of performance compared to European counterparts.
00:47FTSE 100 index was down 0.5 percent compared to a fall of 0.2 percent in German tax index.
00:54In local news, MSNBD posted some stellar numbers in terms of performance in 2018.
01:01Its net profit rose to a record 10 billion dirhams, up 20 percent from year and also
01:08in terms of net total assets, the total assets rose to a record of 500 billion dirhams for
01:15the first time in the bank's history.
01:18Remember that Imbet and British shares were up about more than 2.2 percent in trade on
01:24DFM index today.
01:26That's it from me and thanks for watching.
01:27For more, you can log on to gulfnews.com slash business.
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