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 % % 11.68% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 9.95% BEMO Listed % 20.00% BLOM Listed % % 12.06% Trading RYMCO % 0.92% Industrial BEIRUT STOCK EXCHANGE Holcim % 12.38% Ciments Blancs % 13.33% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE MEA Chairman Mohammed Hout said over the weekend that the net profits of the national carrier may slightly drop in 2018 due to the rise in the prices of fuel oil, but assured that the results are still very satisfactory. A delegation from the Association of Banks in Lebanon will travel to the U.S. next week to visit state institutions that play a role in implementing economic sanctions, a statement from ABL said. A total of 190 counties have confirmed their participation in Expo 2020 Dubai, Expo officials have announced. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -0.83% Kuwait (KWSE) % 5.31% Muscat (MSM30 Index) % % Qatar (QE Index) % 20.95% KSA (TADAWUL) % 4.08% Dubai (DFM) % % Abu Dhabi (ADX) % 12.71% 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 % -1.75% 0.00% S&P % -1.54% -0.08% Nasdaq % 0.52% -0.42% Sectors Indices Discretionary % 2.13% -0.01% Staples % -4.59% -0.48% Energy % % 3.73% Financials % -7.21% -0.04% Healthcare % 8.30% 0.34% Industrials % -8.39% -0.16% IT % 1.36% -0.20% Materials % % -0.41% Com. Services % % -0.33% Utilities % 2.23% 0.03% Real Estate % -0.27% 0.08% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S stocks were lower in a shortened trading session on Friday as energy stocks took a hit from oil prices sliding to their lowest levels in more than a year, while investors remained nervous ahead of U.S.-China trade talks at the G20 summit this week. European stock markets rose on Friday after a volatile week in which company earnings and growth worries hit stocks. Italian equities led the recovery after a press report revealed E.U. Affairs Minister Savona is considering resigning over the government s ongoing fiscal standoff. Asian stocks were pressured by steep losses in Chinese markets as the trade war lingers. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -7.38% -2.31% Developed % -6.10% -2.22% Emerging % % -3.54% Frontier % % -2.06% Europe % -8.87% 0.20% Latin America % -9.56% 0.57% Asia Pacific % % -1.11% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % % -0.01% FTSE % -9.56% 1.17% CAC % -6.88% -0.02% DAX % % -1.39% Swiss SMI % -5.71% 0.81% Nikkei % -4.19% 0.78% CSI % % 0.98% 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 % -0.07% - EUR/USD % -0.59% USD/JPY % 0.29% GBP/USD % -1.47% USD/CAD % 0.16% AUD/USD % -0.38% NZD/USD % -0.72% USD/CHF % -0.19% USD/NOK % 0.22% USD/SEK % -1.67% USD/CNY % -0.01% Major EUR Cross Rate EUR/GBP % -0.37% EUR/CHF % -0.24% EUR/JPY % -0.43% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar rose on Friday, on pace for its biggest weekly percentage increase in a month, as risk appetite declined and investors sought the currency's safety following a steep drop in oil prices that suggested global growth is slowing. The euro slumped on signs economic growth could be slowing across the euro zone, with worries about Brexit and Italy's budget negotiations also weighing on the single currency. Safe-haven currencies such as the Japanese yen and the Swiss franc also advanced versus some of their peers. 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 eight-week lows on Friday and the yield curve flattened as falling stock and oil prices increased safe-haven buying of long-dated U.S. government bonds. Germany s 10-year bond yield fell to its lowest since early September on Friday as weak business activity data for the bloc fanned concerns about the growth outlook, prompting a further scaling back of ECB rate-hike expectations. U.K. Gilt yields fell similar to its counterparts, further pressured by political developments surrounding Brexit. 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 (0.0259) USD USD IG 2Y Spread vs 10Y Spread (0.0100) (0.0214) 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 % Oil slumped after Saudi Arabia signaled its output may have reached a record high and growing U.S. stockpiles stoked concerns over a potential supply glut. Both Brent and U.S. crude fell to their lowest levels since October Gold was lower on Friday as the U.S. dollar regained momentum. 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 ROCKWELL COLLINS COL AMERICAN AIRLINE AAL ADV MICRO DEVICE AMD IPG PHOTONICS IPGP ROYAL CARIBBEAN RCL UNITED TECH CORP UTX CAMPBELL SOUP CO CPB MATTEL INC MAT MSCI INC MSCI SEALED AIR CORP SEE TOP 10 LOSERS Ticker Last Price Daily % S&P 500 Stocks CONCHO RESOURCES CXO DEVON ENERGY CO DVN FREEPORT-MCMORAN FCX EOG RESOURCES EOG PHILLIPS 66 PSX CIMAREX ENERGY C XEC MARATHON OIL MRO HESS CORP HES HOLLYFRONTIER CO HFC PIONEER NATURAL PXD S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Mitsubishi Motors Corp s board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster from alliance partner Nissan Motor Co last week for alleged financial misconduct. Logitech International SA, a Swiss manufacturer of keyboards and webcams, has ended discussions to acquire Plantronics Inc., a U.S. maker of Bluetooth earpieces and gaming headsets, the companies said on Sunday. Luxury carmaker Aston Martin, has not yet seen a slowdown in its key markets and aims to more than double the number of cars it makes by 2025, its chief executive said on Sunday. The British automaker is on target to produce 6,400 vehicles this year despite the pressures of slowing Chinese demand and worries over the impact of Brexit. The chief executives of ABB and Siemens are traveling to Saudi Arabia to attend a supplier conference, just weeks after they pulled out of an investment event in the country following the death of a journalist. Citigroup Inc. and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark. Workers at Amazon logistic centers in Germany and Spain staged strikes on Friday, walking off the job on Black Friday, the discount spending spree that kicks-off the start of the crucial Christmas shopping season. Sources: Seeking Alpha, Financial Times, Reuters, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Austria ECB Coeure, Nowotny Speak in Vienna 14:30 Eurozone ECB's Praet Speaks in Frankfurt 11:00 Eurozone ECB's Draghi Speaks in E.U. Parliament in Brussels 16:00 Eurozone ESRB Chair Draghi Speaks in Brussels 18:00 Germany IFO Business Climate :00 Germany IFO Expectations :00 Germany IFO Current Assessment :00 Japan Nikkei Japan PMI Mfg :30 Japan Leading Index CI :00 Japan Coincident Index :00 United Kingdom UK Finance Loans for Housing :30 United Kingdom BOE Gov. Carney, Alan Greenspan Speak 20:30 United States Dallas Fed Manf. Activity :30 United States Chicago Fed Nat Activity Index :30 United States The Association of Old Crows holds an event 7:00 United States Secretary of State Mike Pompeo's Schedule 7:00 United States United States International Trade Commission 16:30 United States The Atlantic Council holds an event 17:30 United States The Hudson Institute holds an event 19:00 United States Election Assistance Commission holds a meeting. 21:00 United States The Hudson Institute holds an event 22:00 United States Woodrow Wilson Center holds an event 23:00 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.