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 % -4.44% Development and Reconstruction Solidere A % -7.57% Solidere B % % Banking Audi Listed % -5.31% 11.81% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -1.46% 10.39% BEMO Listed % 0.00% BLOM Listed % -0.54% 12.21% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Saudi Arabia s Finance Ministry issued $1.43 billion in domestic sukuk or Islamic bonds, under its monthly issuance program. It has also issued SAR1.725bn worth of sukuk by re-opening a previous debt sale originally made in September according to the Saudi state news agency. Bahrain has received the first instalment of a $10 billion aid package pledged by its Gulf allies last year, its central bank governor told Bloomberg TV in an interview while refraining from disclosing the size of the installment. Bahrain is expected to raise external financing this year through U.S. dollar-denominated bonds. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 1.82% Kuwait % 3.15% Oman % -3.57% Qatar % 3.41% KSA % 8.17% Dubai % -0.64% Abu Dhabi % 1.14% 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 Last Price Daily % YTD % 10D Vol Major Indices DowJones % 5.35% 0.20% S&P % 5.26% -0.03% Nasdaq % 5.89% -0.47% Sectors Indices Discretionary % 6.70% -0.15% Staples % 3.31% -0.38% Energy % 7.66% -0.75% Financials % 7.88% 0.34% Healthcare % 3.54% 0.03% Industrials % 6.79% -0.07% IT % 3.92% -0.89% Materials % 3.68% 0.55% Telecom % 6.06% -0.04% Utilities % 1.66% 0.27% Real Estate % 5.25% -0.96% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities struggled for direction, as early gains driven by a number of upbeat earnings were offset by concerns about a potential economic downturn, lingering trade tensions and the longest government shutdown in the history of the U.S. Both the S&P 500 and the Nasdaq Composite Index ended flat. European equities opened lower after a U.S. session on Tuesday that ended firmly in the red and remained under pressure in the wake of the above mentioned worrisome news. Japanese equities similarly fell. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 5.06% -0.05% Developed % 5.11% -0.05% Emerging % 4.75% -0.09% Frontier % 5.36% -1.50% Europe % 4.82% 0.08% Latin America % 10.47% 0.23% Asia Pacific % 3.74% 0.30% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 3.69% 0.03% FTSE % 1.71% 0.24% CAC % 2.32% -0.01% DAX % 4.85% 0.12% Swiss SMI % 6.26% -1.37% Nikkei % 2.76% -0.91% CSI % 4.88% -0.07% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225 Source: Bloomberg, Financial Times, Reuters

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % 0.00% - EUR/USD % -0.03% USD/JPY % 0.00% GBP/USD % -0.46% USD/CAD % -0.10% AUD/USD % -0.41% NZD/USD % -1.68% USD/CHF % -0.04% USD/NOK % -1.30% USD/SEK % 0.03% USD/CNY % -0.67% Major EUR Cross Rate EUR/GBP % -0.63% EUR/CHF % -0.55% EUR/JPY % -0.20% DISTANCE FROM 52 WEEKS LOW/HIGH The U.S. dollar edged down against a basket of currencies as uncertainties over trade, the government shutdown and the global economy clouded the U.S. currency's near-term outlook, pressuring it lower. The British pound rose to a 10-week high after the Labour party, the main opposition, said it would back an attempt by lawmakers to prevent a disorderly no-deal Brexit. The Japanese yen fell against the dollar after the Bank of Japan left monetary policy unchanged as expected. 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 U.S. Treasury yields rose as Wall Street stock prices stabilized a day after posting heavy losses, reducing safe-haven demand for bonds even as investors remained worried about slowing economic growth and trade tensions. Focus remains on developments in the government shutdown and the release of initial jobless claims figures later today. The Bank of Japan retained its ultra-easy monetary settings, and pushed backed expectations that it would exit a vast stimulus program begun in 2013, while warning of rising risks to its economy. Most Eurozone bond yields subsequently fell 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 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 fell as China warned of serious challenges to the global economy and the U.S. government shutdown added to uncertainty. News that the E.U. sought to circumvent U.S. sanctions on Iran through non-dollar trade also weighed in. Gold ended lower despite some weakness in the U.S. 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 WATERS CORP WAT SYNCHRONY FINANC SYF IBM IBM ARCONIC INC ARNC COMCAST CORP-A CMCSA UNITED TECH CORP UTX PROCTER & GAMBLE PG ZIONS BANCORP NA ZION FISERV INC FISV AMPHENOL CORP-A APH S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % TAKE-TWO INTERAC TTWO CAPITAL ONE FINA COF WHIRLPOOL CORP WHR QUALCOMM INC QCOM TE CONNECTIVITY TEL TWITTER INC TWTR NOBLE ENERGY INC NBL AMERICAN AIRLINE AAL BAKER HUGHES A BHGE ROLLINS INC ROL S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Comcast Corp beat Wall Street profit and revenue estimates as its high-speed internet business grew and it lost fewer cable subscribers than expected. Amazon.com spent $14.19 million on lobbying the U.S. government in 2018, according to a regulatory filing, beating its year-ago record, as large U.S. technology companies pushed back on issues such as privacy, immigration and new tariffs. Facebook will make changes to better prevent users who have had their organization s pages removed for violating its rules from using duplicate pages to continue the same activity. Verizon Communications is cutting about 7 percent, or about 800 jobs, at its media unit. The cuts are in addition to a voluntary separation program announced by Verizon in December that will see about 10,400 employees leave by the middle of JPMorgan Chase private bank is expanding in Mexico and elsewhere in Latin America, the unit s regional CEO said on Wednesday, as wealth creation and political changes bolster the sector s prospects. Ford Motor yesterday posted a lower operating fourth-quarter profit as losses in every global region except North America weighed on results. Boeing revealed that its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world s largest plane-maker bids to revolutionize urban transportation and parcel delivery services. Apple has dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC reports. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal

7 DAILY MARKETS BRIEF I ECONOMIC DATA Banque BEMO sal KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Eurozone ECB Main Refinancing Rate 0.00% % 14:45 Eurozone Markit Eurozone Manufacturing PMI :00 Eurozone ECB Deposit Facility Rate -0.40% % 14:45 Eurozone ECB Marginal Lending Facility 0.25% % 14:45 Eurozone Markit Eurozone Composite PMI :00 Eurozone Markit Eurozone Services PMI :00 France Markit France Manufacturing PMI :15 France Markit France Services PMI :15 France Markit France Composite PMI :15 Germany Markit/BME Germany Manufacturing PMI :30 Germany Markit Germany Services PMI :30 Germany Markit/BME Germany Composite PMI :30 Japan Nikkei Japan PMI Mfg :30 Japan Leading Index CI :00 Russia PPI YoY 16.10% % United States Initial Jobless Claims 218k k 15:30 United States DOE U.S. Crude Oil Inventories -750k k 18:00 United States Markit US Manufacturing PMI :45 United States Leading Index -0.10% % 17:00 United States Markit US Services PMI :45 United Source: States Bloomberg Markit US Composite PMI :45 United States Continuing Claims 1730k k 15:30 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.