DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % -4.04% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % 1.84% 11.02% BLC Listed % 0.00% BOB Listed % 0.00% 4.04% Byblos Listed % -0.73% 10.34% BEMO Listed % -1.27% BLOM Listed % 0.22% 12.13% Trading RYMCO % 0.00% Industrial BEIRUT STOCK EXCHANGE Holcim % 0.00% 16.53% Ciments Blancs % 2.35% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Saudi Arabia s foreign trade grew 0.3 percent year-on-year, or SAR 359 million ($95.72 billion), in January. The kingdom s trade exchange amounted to SAR billion ($33.72 billion) in the first month of 2019, compared to SAR billion ($33.62) in January 2018, according to data released by the General Authority for Statistics. Source: Daily Star, Gulf Business, Mubasher GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 4.96% Kuwait % 11.86% Oman % -8.89% Qatar % -0.95% KSA % 14.16% Dubai % 7.91% Abu Dhabi % 2.82% 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 % 12.22% -0.33% S&P % 14.38% -0.18% Nasdaq % 18.29% 0.00% Sectors Indices Discretionary % 16.64% 0.08% Staples % 9.99% 1.20% Energy % 16.18% -0.12% Financials % 10.50% -2.87% Healthcare % 6.04% -0.39% Industrials % 18.98% -0.67% IT % 21.42% -0.22% Materials % 11.77% -0.01% Com. Services % 15.73% -1.12% Utilities % 9.22% -0.05% Real Estate % 17.31% 0.41% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities ended mixed.the Dow Jones Industrial Average index fell while the S&P ended flat, the former was dragged lower by Walgreens after the company cut its 2019 profit growth forecast and reported a quarterly profit that missed estimates. Investors remained cautious as new orders for key U.S. made capital goods fell in February. European shares rose, supported by gains in automotive and insurance stocks. Export-heavy British equities performed particularly well, supported by the weakening of the British pound in the midst of Brexit uncertainty. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 12.87% -0.25% Developed % 13.15% -0.26% Emerging % 10.91% -0.06% Frontier % 9.29% -0.37% Europe % 13.75% -1.14% Latin America % 7.54% -0.01% Asia Pacific % 10.07% -0.03% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 13.14% -1.22% FTSE % 9.85% 0.66% CAC % 14.64% -0.60% DAX % 11.33% -2.35% Swiss SMI % 13.14% -0.70% Nikkei % 8.48% 0.00% CSI % 32.58% 0.05% 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 % -0.40% - EUR/USD % 0.37% USD/JPY % 0.00% GBP/USD % -0.81% USD/CAD % -0.50% AUD/USD % 0.65% NZD/USD % 0.36% USD/CHF % -0.07% USD/NOK % -0.40% USD/SEK % 0.43% USD/CNY % 0.20% Major EUR Cross Rate EUR/GBP % -0.27% EUR/CHF % -0.04% EUR/JPY % 0.18% DISTANCE FROM 52 WEEKS LOW/HIGH The euro fell to a recent low, near its weakest levels since 2017 as survey data on Monday showed factories in the Eurozone had their worst month in six years in March. Yesterday s positive economic data from the U.S. fueled dollar buying, further pressuring the euro lower. The British pound ended slightly higher, paring losses as Prime Minister Theresa May sought a further extension of Brexit while signaling that cross-party talks would take place to find an arrangement to present to the European Union next week. The Canadian dollar fell following the release of disappointing housing data from Vancouver. 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 fell following a U.S. government report indicating a decline in domestic durable goods orders in February, supporting the view that the U.S. economy was losing some momentum. Yields were also pressured lower by Brexit uncertainty. Safe-haven German government bond yields fell, remaining in negative territory as a result of the Brexit impasse and subsequent developments. Britain s parliament voted down four Brexit options before PM May indicated she would request another extension. E.U. officials said the prospect of Britain leaving the economic bloc without a deal was growing. 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 (0.0638) USD USD IG 2Y Spread vs 10Y Spread (0.0100) USD IG Spread USD HY Spread 4.3 (0.0800) USD HY Spread 3.83 (0.0200) 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, Economic times, Reuters 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 rose, hitting their highest levels of 2019 on Tuesday, with Brent crude approaching $70 a barrel, on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPECled supply cut. Gold prices rose, supported by a slightly weaker dollar and caution among investors. Source: Bloomberg, Reuters 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 DELTA AIR LI DAL DOW INC DOW WYNN RESORTS LTD WYNN FACEBOOK INC-A FB MATTEL INC MAT ABBVIE INC ABBV ALEXION PHARM ALXN AMERIPRISE FINAN AMP LYONDELLBASELL-A LYB ALIGN TECHNOLOGY ALGN S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % WALGREENS BOOTS WBA AMERISOURCEBERGE ABC CARDINAL HEALTH CAH CVS HEALTH CORP CVS MCKESSON CORP MCK PERRIGO CO PLC PRGO BAKER HUGHES A BHGE MYLAN NV MYL KROGER CO KR VALERO ENERGY VLO S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Dubai s largest lender Emirates NBD Bank has reached a new agreement to buy Turkey s Denizbank from Russia s state-owned Sberbank for billion lira ($2.77 billion). The current offer is lower than the $3.2 billion agreement reached last year. Ousted former Nissan chief Carlos Ghosn this morning said on Twitter that he was getting ready to tell the truth about recent events and that he would hold a news conference on April 11. China s Tencent Holdings is returning to the market with a U.S. dollar bond that could raise about $5 billion, Reuters reports. Royal Dutch Shell became the first major oil and gas company to announce plans to leave a leading U.S. refining lobby due to disagreement on climate policies, citing its support for the goals of the Paris climate agreement. A retirement pot of almost 40 million euros ($44.78 million) for outgoing Airbus Chief Executive Officer Tom Enders is excessive and may harm the company s image, France s finance minister said in remarks published on Tuesday. BlackRock has made changes to its senior leadership ranks aimed at winning more business from top institutional clients and boosting growth of its alternative investing business, according to a memo seen by Reuters. Microsoft and BMW launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the development of smart factories. French aerospace and defense electronics group Thales said it had completed its previously announced 4.8 billion euros ($5.4 billion) takeover of chipmaker Gemalto. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time China Caixin China PMI Composite :45 China Caixin China PMI Services :45 Eurozone Markit Eurozone Composite PMI :00 Eurozone Markit Eurozone Services PMI :00 France Markit France Services PMI :50 France Markit France Composite PMI :50 Germany Markit Germany Services PMI :55 Germany Markit/BME Germany Composite PMI :55 Italy Markit/ADACI Italy Services PMI :45 Italy Markit/ADACI Italy Composite PMI :45 Japan Nikkei Japan PMI Composite :30 Japan Nikkei Japan PMI Services :30 Russia Markit Russia PMI Services :00 Russia Markit Russia PMI Composite :00 United Kingdom Markit/CIPS UK Services PMI :30 United Kingdom Markit/CIPS UK Composite PMI :30 United States DOE U.S. Crude Oil Inventories -800k k 17:30 United States MBA Mortgage Applications % 14:00 United States ADP Employment Change 175k k 15:15 United States ISM Non-Manufacturing Index :00 United States Markit US Services PMI :45 United States Markit US Composite PMI :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.