DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 11.34% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 9.88% BEMO Listed % 20.00% BLOM Listed % % 12.08% Trading RYMCO % 0.92% Industrial BEIRUT STOCK EXCHANGE Holcim % 11.69% Ciments Blancs % 13.33% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Saudi King Salman on Tuesday unveiled development projects worth nearly $1.9 billion for the Tabuk region during a visit to the northern region, the third stopover of a nationwide royal tour that began earlier this month. The UAE and Jordan have signed a $100 million agreement aimed at financing micro, small and medium-sized enterprises in the kingdom. The agreement is aimed to support entrepreneurship and underpin the Jordanian government's efforts to ensure a stable and balanced economy, state news agency WAM reported. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -1.71% Kuwait (KWSE) % 4.95% Muscat (MSM30 Index) % % Qatar (QE Index) % 20.37% KSA (TADAWUL) % 3.86% Dubai (DFM) % % Abu Dhabi (ADX) % 13.00% LOCAL/GCC FOREIGN EXCHANGE Cross Last Price Lebanese Pound Spot USD/LBP Bahraini Dinar Spot USD/BHD Kuwaiti Dinar Spot USD/KWD Omani Rial Spot USD/OMR Qatari Riyal Spot USD/QAR Saudi Riyal Spot USD/SAR UAE Dirham Spot USD/AED Source: Daily Star, Gulf Base MSCI GCC INDEX - 30 DAYS CHART GCC INDICES DAILY PERFORMANCE

2 DAILY MARKETS BRIEF I EQUITY MARKETS UNITED STATES EQUITY MARKET INDICES Major Indices Last Price Daily % YTD % 10D Vol DowJones % -1.03% -3.19% S&P % -1.19% -4.23% Nasdaq % 0.08% -6.30% Sectors Indices Discretionary % 1.57% -9.77% Staples % -4.11% 2.97% Energy % % 1.46% Financials % -6.41% 0.75% Healthcare % 8.73% -7.97% Industrials % -8.79% -1.26% IT % 1.61% -5.69% Materials % % -2.09% Com. Services % % -5.17% Utilities % 3.63% -1.04% Real Estate % 0.20% 1.82% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE The steep selloff that began on Monday continued, with the S&P 500 and the Dow Industrials erasing their 2018 gains. The Nasdaq Composite is in correction territory, falling to a sevenmonth low and is down around 15 percent from its record high. All sectors ended lower. European shares were lower, weighed down by general weakness on Wall Street and by the rout in technology shares. Jitters were also apparent as U.K. Prime Minister Theresa May prepared to head to Brussels for a meeting with EU Commission President Jean-Claude Juncker. Japanese equities turned sharply lower, hurt by an overnight plunge in U.S equities. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -7.27% -2.31% Developed % -6.02% -2.97% Emerging % % 1.60% Frontier % % 0.80% Europe % -9.56% -1.81% Latin America % -7.17% 0.21% Asia Pacific % % 1.48% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % % -1.52% FTSE % -9.62% -2.70% CAC % -7.30% -2.46% DAX % % 0.10% Swiss SMI % -6.53% -1.25% Nikkei % -5.52% 0.72% CSI % % 4.57% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225 Source: Bloomberg, Financial Times

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % -0.28% - EUR/USD % 0.44% USD/JPY % -0.94% GBP/USD % -0.05% USD/CAD % 2.28% AUD/USD % 1.82% NZD/USD % 0.13% USD/CHF % -0.35% USD/NOK % 1.56% USD/SEK % 1.59% USD/CNY % -0.20% Major EUR Cross Rate EUR/GBP % -0.03% EUR/CHF % 0.75% EUR/JPY % 0.55% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar rallied on Tuesday as a sell-off in world stock markets spurred safe-haven bids and investors worried about slowing global growth. Safe-haven currencies such as the Japanese yen and the Swiss Franc were also supported. Commodity-linked currencies such as the Canadian dollar and Norwegian krone fell in tandem with oil prices. The euro declined against the dollar, spooked by a slide in European equities. Focus remains on the European Commission s disciplinary action against Italy with a report scheduled for today. EUR/USD 30 DAYS SUPPORT & RESISTANCE Source: Bloomberg, Financial Times, Reuters GBP/USD 30 DAYS SUPPORT & RESISTANCE USD/JPY 30 DAYS SUPPORT & RESISTANCE USD/CAD 30 DAYS SUPPORT & RESISTANCE

4 DAILY MARKETS BRIEF I FIXED INCOME GLOBAL BOND INDICES Yield Yield (in Bps) Benchmark Indices US 10 Years Benchmark EU 10 Years Benchmark UK 10 Years Benchmark Sovereign Bonds US Treasury Bond Eurozone Sovereign Bond Japan Sovereign Bond US TREASURIES YIELD CURVE EUR GENERIC YIELD CURVE Corporate Bonds US Corporate TR US High Yield Bond TR EUR Aggregate Corporate TR EUR High Yield TR USD Emerging Market IG & HY Benchmark U.S. Treasury yields fell to seven-week lows on Tuesday as global stock market declines boosted demand for safe haven debt and on concerns slowing global growth will complicate the Federal Reserve s plans to continue hiking interest rates. Minneapolis Fed President Kashkari said in an interview that the central bank should pause its rate-hike campaign. Today s initial jobless claims figures remain in focus. German bund yields fell yesterday amid the global rout in equities while rising producer price index figures for the month of October provided additional support. OVERNIGHT RATES - SWAPS Yield Yield (in Bps) 3M USD LIBOR M EUR EURIBOR M GBP LIBOR Y USD SWAP Y USD SWAP Y USD SWAP Y USD SWAP Spread (in FIXED INCOME SPREADS r Spread Bps) USD 3M vs 10Y Spread Spread Spread (in Bps) USD 2Y 3M vs vs 10Y 10Y Spread USD USD IG 2Y Spread vs 10Y Spread (0.0100) USD IG Spread USD HY Spread 4.3 (0.0800) USD HY Spread EU vs US 10Y Spread (0.0391) EU vs US 10Y Spread EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread EM vs Benchmark Spread (0.0140) EM vs Benchmark Spread Source: Bloomberg, Financial Times, Reuters, Econotimes USD CORPORATES - 30 DAYS SPREAD EU VS US - 30 DAYS SPREAD

5 DAILY MARKETS BRIEF I COMMODITIES GLOBAL COMMODITIES MARKET Last Price Daily % Commodity Index % Energy WTI Crude Future % Brent Crude Future % NYMEX Gasoline % NYMEX Heat Oil % ICE Gasoil % NYMEX Natural Gas % COMMODITY INDEX SUPPORT & RESISTANCE WTI OIL 30 DAYS SUPPORT & RESISTANCE Precious Metals Gold Spot $/Oz % Silver Spot $/Oz % Platinum Spot $/Oz % Palladium Spot $/Oz % Gold Future % Silver Future % Platinum Future % Palladium Future % Base Metals LME Aluminum % LME Copper % LME Zinc % LME Nickel % LME Lead % LME Tin % Agricultural Corn CBT % Wheat CBT % Soybeans CBT % Bean Meal CBT % Rough Rice CBT % MDE Palm Oil % Soybean CBT % Coffee ICE % Sugar #11 ICE % Cotton #2 ICE % Cocoa ICE % Ethanol CME % Lumber CME % Orange Juice ICE % Live Cattle CME % Feeder Cattle CME % Lean Hogs CME % Crude prices hit their lowest level since 2017, after President Trump signaled the US would not impose sanctions on Saudi Arabia over the killing of Jamal Khashoggi. Fears about ballooning U.S. crude production also weighed in. Gold prices were lower yesterday on the heels of a strong rise in the dollar. Source: Bloomberg GOLD 30 DAYS SUPPORT & RESISTANCE SILVER 30 DAYS SUPPORT & RESISTANCE

6 DAILY MARKETS BRIEF I COMPANY NEWS TOP 10 WINNERS Ticker Last Price Daily % S&P 500 Stocks AGILENT TECH INC A CAMPBELL SOUP CO CPB ANALOG DEVICES ADI APPLIED MATERIAL AMAT NVIDIA CORP NVDA ALIGN TECHNOLOGY ALGN TEXAS INSTRUMENT TXN KLA-TENCOR CORP KLAC BEST BUY CO INC BBY MEDTRONIC PLC MDT TOP 10 LOSERS Ticker Last Price Daily % S&P 500 Stocks L BRANDS INC LB TARGET CORP TGT JACOBS ENGIN GRP JEC ROSS STORES INC ROST KOHLS CORP KSS NEWFIELD EXPLORA NFX DEVON ENERGY CO DVN MARATHON OIL MRO UNION PAC CORP UNP ANADARKO PETROLE APC S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Tokyo District Court has decided that Nissan Motor Chairman Carlos Ghosn and Representative Director Greg Kelly will be detained for 10 days. Ghosn was arrested on Monday after a Nissan internal investigation found he had allegedly engaged in years of wrongdoing, including personal use of company money and under-reporting earnings. The U.S. banking sector reported $62 billion in profits in the third quarter, up 29.3 percent from the same period a year ago, according to quarterly data from the Federal Deposit Insurance Corporation. Target Corp said on Tuesday that third-quarter profit missed estimates as investments in its online business, higher wages in a tight labor market and price cuts hurt margins and a big jump in inventories ahead of the critical holiday season worried investors. Germany s financial watchdog has asked Deutsche Bank to provide information on its dealings with Danske Bank, which is caught up in money laundering allegations. The German authority has declined to comment according to Reuters. Amazon.com Inc. and private equity firm Blackstone Group are bidding for Walt Disney Co. s 22 regional sports networks, including New York-focused Yes Network, CNBC reported on Tuesday. Reuters reports that these networks could be worth as much as $20 billion. Lowe s Companies Inc. said on Tuesday it was looking to shed its retail operations in Mexico and two of its smaller U.S. businesses as the country s second-biggest home improvement chain strives to compete with rivals including Home Depot. Sources: Seeking Alpha, Financial Times, Reuters, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada Wholesale Trade Sales MoM 0.30% % 15:30 Japan All Industry Activity Index MoM -0.90% -0.90% 0.50% 6:30 Japan Crude Steel Production :00 Japan Nationwide Dept Sales YoY % -3.00% 7:30 Japan Tokyo Dept Store Sales YoY % 0.30% 7:30 United Kingdom PSNB ex Banking Groups 6.1b b 11:30 United Kingdom Public Finances (PSNCR) b 11:30 United Kingdom Public Sector Net Borrowing 5.6b b 11:30 United States Initial Jobless Claims 215k k 15:30 United States U. of Mich. Sentiment :00 United States DOE U.S. Crude Oil Inventories 3450k k 17:30 United States Durable Goods Orders -2.60% % 15:30 United States MBA Mortgage Applications % 14:00 United States Existing Home Sales 5.20m m 17:00 United States Leading Index 0.10% % 17:00 United States Durables Ex Transportation 0.40% % 15:30 United States Continuing Claims 1650k k 15:30 United States Baker Hughes U.S. Rig Count :00 United States Cap Goods Orders Nondef Ex Air 0.20% % 15:30 United States Cap Goods Ship Nondef Ex Air 0.30% % 15:30 United States Existing Home Sales MoM 1.00% % 17:00 United States Bloomberg Economic Expectations :45 Source: Bloomberg Banque BEMO sal Head Office - Private and Corporate Banking 96 Pasteur Building, Pasteur Street, Medawar Area, P.O. Box: , Beirut - Lebanon Tel: Fax: Wealth & Investment Management research@bemobank.com Beirut Central District Riad El Solh Square, Esseily Building Bloc A, 7th Floor Beirut - Lebanon Tel: Fax: Disclaimer: This report is published for information purposes only. The information herein has been compiled from, or based upon sources considered to be reliable (Bloomberg, SeekingAlpha, DailyStar ), but we do not guarantee or assume responsibility for its completeness and accuracy. This document should not be construed as a solicitation to take part in any investment, or as constituting any representation or warranty on our part. This report is not to be relied upon in substitution for the exercise of specialists. We may not have taken any steps to ensure that the securities referred to in this report are suitable for any particular investor. The investments and services contained or referred to herein are not purported to be exhaustive, any person considering an investment should seek specialist advice on the suitability of an investment. Nothing in this report constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation. Clients understand that it is their responsibility to seek legal and/or tax advice regarding the legal and tax consequences of their investment transactions. The consequences of any action taken on the basis of information contained herein are solely the responsibility of the recipient. Investment instruments are subject to risk, including possible loss of principal amount invested. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. The value of securities and financial instruments is subject to exchange rate fluctuation that may have a positive or adverse effect on the price or income of such securities or financial instruments. Some investments mentioned in this report may have a high level of volatility. High volatility investments may experience sudden and large falls in their value causing losses when that investment is realized. Some investments may not be readily realizable and it may be difficult to sell or realize those investments, similarly it may prove difficult to obtain reliable information about the value, or risks, to which such an investment is exposed. This report may provide the addresses of websites or references. We have not reviewed any such site and takes no responsibility for the content contained therein. Such address or reference is provided solely for convenience and information. Accessing such website through this report shall be at the recipients own risk.