DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS BEIRUT STOCK EXCHANGE Last Daily % YTD % Dividend % MSCI Lebanon % 0.00% Development and Reconstruction Solidere A % 0.00% Solidere B % 0.00% Banking Audi Listed % 0.00% 11.44% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % 0.00% 10.24% BEMO Listed % 0.00% BLOM Listed % 0.00% 12.13% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The Middle East and North Africa (MENA) region continues to present one of the world s key growth regions for printing. In 2019, the total value of the commercial print business in MENA is forecast to reach $32 billion, according to exclusive research from Smithers Pira, the worldwide authority on the packaging, print and paper supply chains. They released the data ahead of the 2019 edition of Gulf Print & Pack. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % -0.55% Kuwait % 0.20% Oman % 0.23% Qatar % -0.20% KSA % -0.36% Dubai % -0.17% Abu Dhabi % -0.39% 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 MSCI GCC INDEX - 30 DAYS CHART GCC INDICES DAILY PERFORMANCE

2 DAILY MARKETS BRIEF I EQUITY MARKETS UNITED STATES EQUITY MARKET INDICES Last Price Daily % YTD % 10D Vol Major Indices DowJones % 0.00% -0.51% S&P % 0.00% -0.75% Nasdaq % 0.00% -0.93% Sectors Indices Discretionary % 0.00% -1.76% Staples % 0.00% -1.15% Energy % 0.00% 0.03% Financials % 0.00% 0.25% Healthcare % 0.00% -0.47% Industrials % 0.00% -0.06% IT % 0.00% -0.71% Materials % 0.00% -1.23% Telecom % 0.00% -0.84% Utilities % 0.00% -4.07% Real Estate % 0.00% -4.98% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities were higher in low-volume trading on Monday, paring some of the heavy losses incurred during December to end the year on a positive note. Equities were supported by President Trump tweeting that progress had been made toward a potential settlement of trade tensions with China. European equities similarly rose, supported by the optimistic trade tone. Investors also breathed a sigh of relief as Italy s budget crisis was put to rest. Focus remains on slowing Eurozone growth and Brexit developments for INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 0.00% 0.49% Developed % 0.00% 0.52% Emerging % 0.00% -0.23% Frontier % 0.00% -0.13% Europe % 0.00% -0.13% Latin America % 0.00% 0.05% Asia Pacific % 0.00% -0.46% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 0.00% 0.73% FTSE % 0.00% -0.04% CAC % 0.00% 1.76% DAX % 0.00% 0.00% Swiss SMI % 0.00% 0.00% Nikkei % 0.00% 0.00% CSI % -1.35% 0.00% 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 % -1.08% - EUR/USD % -0.65% USD/JPY % -0.93% GBP/USD % -0.03% USD/CAD % 0.22% AUD/USD % -1.54% NZD/USD % -4.01% USD/CHF % -0.74% USD/NOK % -0.97% USD/SEK % 0.71% USD/CNY % 0.20% Major EUR Cross Rate EUR/GBP % -0.32% EUR/CHF % -0.57% EUR/JPY % -0.11% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell against the yen and euro in thin year-end trading on Monday as optimism about progress in the U.S.-China trade dispute hurt its safe-haven appeal, but the greenback stayed on track to log its strongest annual performance in three years. President Trump indicated he had a very good call with his Chinese counterpart Xi Jinping. The British pound led gains, supported by weakness in the dollar, broad-based gains in stocks and trade optimism. The Australian dollar rose, being highly correlated to developments in global trade. EUR/USD 30 DAYS SUPPORT & RESISTANCE Source: Bloomberg, Financial Times 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 U.S. Treasuries edged higher, trading a narrow range amidst a quiet session on Monday, ending a year in which the yield curve reached its flattest since Yields have been falling for roughly two months on a flight to lower-risk investments as stock prices slid in volatile trading. The Federal Reserve s rate hike path remains in focus for German government bond yields rose in tandem with European equities in a similarly muted session. German government bonds have been some of the best performing debt instruments in 2018, with demand stoked by Italy s troubles with the European Commission. 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 (0.0223) USD USD IG 2Y Spread vs 10Y Spread (0.0100) (0.0041) USD IG Spread USD HY Spread 4.3 (0.0800) USD HY Spread 5.26 (0.0400) 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 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 prices edged higher on Monday, but were poised for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending OPEC-led production cuts. Gold near its six-month high but was headed for its first annual decline since 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 Netflix Inc NFLX % Advanced Micro Devices AMD % Keysight Technologies KEYS % Best Buy Co BBY % Regeneron Pharma REGN % Dollar Tree DLTR % Hanesbrands Inc HBI % CF Industries Holdings CF U % Deere & Co DE U % Celgene Corp CELG % S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % Perrigo Co PLC PRGO % Cabot Oil & Gas Corp COG % Dominion Energy Inc D UN % Kimco Realty Corp KIM % Nektar Therapeutics NKTR % Ford Motor Co F UN % Brighthouse Financial BHF % Federal Realty Invest. FRT % Facebook Inc FB U % Take-Two Interactive TTWO % S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Netflix is expected to announce in the next few days that it has poached media finance veteran Spencer Neumann from Activision Blizzard to be its chief financial officer, according to Reuters. Earlier on Monday, Activision Blizzard said in a regulatory filing that it intended to fire Neumann for an unspecified reason. Hertz Global Holdings has agreed to pay a $16 million fine to settle a case over accounting misstatement, the U.S. Securities and Exchange Commission said. The Tokyo District Court said on Monday it has extended the detention of ousted Nissan Motor chairman Carlos Ghosn by 10 days until January 11th. Amazon.com Inc. is planning to expand its Whole Foods Market portfolio by adding more stores to put more customers within its two-hour delivery service range, the Wall Street Journal reported. Deutsche Bank is strong and its turnaround strategy is bearing fruit, Chairman Paul Achleitner said in an interview with Allgemeine Sonntagszeitung, ruling out the need for state aid and playing down speculation that the lossmaking German bank should merge. Achleitner added he would not step down after a very tough year for the German investment bank. Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands of workers, a spokesman for the billionaire s hedge fund said on Friday. Sporting goods retailer Dick s Sporting Goods revealed it will not renew its United States Olympic Committee sponsorship beyond The company, in an ed statement, cited new investment focus as the reason but did not elaborate further. Sources: Seeking Alpha, Financial Times, Reuters

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada Markit Canada Manufacturing PMI :30 Canada MLI Leading Indicator MoM % 15:30 China Caixin China PMI Mfg :45 China China Sells CNY20 Bln 7-Yr 4:35 China China to Sell CNY20 Bln 3-Yr Upsized Bonds 4:35 Eurozone Markit Eurozone Manufacturing PMI :00 France Markit France Manufacturing PMI :50 Germany Markit/BME Germany Manufacturing PMI :55 Germany Retail Sales MoM Germany Retail Sales YoY Germany CPI Brandenburg MoM Germany CPI Brandenburg YoY Italy Markit/ADACI Italy Manufacturing PMI :45 Italy New Car Registrations YoY % 19:00 Italy Budget Balance b United Kingdom Markit UK PMI Manufacturing SA :30 United States Markit US Manufacturing PMI :45 United States Agricultural Prices Paid United States House not in session. 7:00 United States Senate not in session. 7:00 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.