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 % -9.56% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 8.67% BLC Listed % -6.06% BOB Listed % 0.00% 3.52% Byblos Listed % -8.24% 8.37% BEMO Listed % % 4.07% BLOM Listed % 7.55% 8.65% Trading RYMCO % 0.00% Industrial Holcim % 23.06% 16.51% Ciments Blancs % 43.31% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The interbank interest rate dropped to 4 percent Tuesday from 15 percent a week ago, Bank Audi has said. One of the reasons for this drop according to Audi was the maturity of the sevenyear Treasury bills Monday, which allowed the banks to inject cash into their coffers. The overnight rate fell from 15 percent last week to 4 percent after seven-year... Treasury notes matured on Monday, leaving market players with ample local currency liquidity at hand, Audi said in its weekly report. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 6.20% Kuwait % 10.38% Oman % % Qatar % % KSA % -0.13% Dubai % -4.91% Abu Dhabi % -4.01% 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 % 25.36% -0.17% S&P % 19.82% -0.04% Nasdaq % 28.91% -0.01% Sectors Indices Discretionary % 21.73% 0.39% Staples % 10.72% -0.34% Energy % -3.51% 0.35% Financials % 20.38% -2.41% Healthcare % 20.78% -0.12% Industrials % 18.69% -0.07% IT % 37.61% 0.02% Materials % 21.31% -0.01% Telecom % -5.60% 0.10% Utilities % 7.81% 0.31% Real Estate % 6.76% 0.34% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE A gauge of Asian equities headed toward a record close amid a rebound in technology stocks in the penultimate trading session of the year. European stocks ended the session little changed as basic-resources shares climbed, offsetting a decline in banks. U.S. stocks ended the session little changed as gains in utility companies offset a slump in energy firms that tracked oil lower. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 21.44% -0.39% Developed % 20.10% -0.50% Emerging % 32.72% 0.21% Frontier % 22.88% -0.03% Europe % 7.64% -0.38% Latin America % 19.58% -1.51% Asia Pacific % 27.86% 0.04% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 7.89% -0.54% FTSE % 6.69% -0.30% CAC % 10.42% -0.92% DAX % 13.84% -0.35% Swiss SMI % 14.73% -0.13% Nikkei % 19.20% -0.23% CSI % 21.42% 2.44% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % -0.54% - EUR/USD % -0.41% USD/JPY % 1.30% GBP/USD % -2.53% USD/CAD % -1.56% AUD/USD % -0.69% NZD/USD % 0.54% USD/CHF % 0.32% USD/NOK % -2.59% USD/SEK % -2.31% USD/CNY % 0.01% Major EUR Cross Rate EUR/GBP % -0.94% EUR/CHF % -0.02% EUR/JPY % 0.09% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar fell to the lowest in three weeks as a slide in Treasury yields weighs on the currency that s heading for its worst year in more than a decade. The yen was near the strongest in a week as a decline in U.S. Treasury yields and gains in the euro weighed on the dollar. The Bank of Japan will announce its bond-purchase plan for January at 5pm in Tokyo. CAD rises for a sixth straight day as commodity currencies respond to the recent surge in oil and metals prices and broad weakness in the greenback. EUR/USD 30 DAYS SUPPORT & RESISTANCE 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 The U.S. yield curve is getting one final flattening push before calling it a year. The spread between the yields on 2-year and 10-year Treasuries narrowed to just 50.6 basis points Wednesday, close to the decade low reached on Dec. 6. Bunds climb higher into European close following rally in Treasuries from U.S. open, with long end leading. Italian bonds drive peripheral underperformance ahead of last supply of the year Thursday. 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 FIXED INCOME SPREADS Spread (in r Spread USD 3M vs 10Y Spread Spread Spread (in Bps) USD 2Y 3M vs vs 10Y Spread (0.1648) USD IG 2Y Spread vs 10Y Spread (0.0100) (0.0567) USD USD HY IG Spread Spread (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 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 traded above $59 a barrel as crude production in Libya fell below 1 million barrels a day after a pipeline explosion Tuesday. China s commercial oil-product inventories drop in Nov., according to Xinhua s China Oil, Gas and Petrochemicals newsletter. GOLD 30 DAYS SUPPORT & RESISTANCE SILVER 30 DAYS SUPPORT & RESISTANCE

6 DAILY MARKETS BRIEF I COMPANY NEWS S&P 500 Stocks TOP 10 WINNERS Ticker Last Price Daily % ENVISION HEALTHC EVHC MARRIOTT INTL-A MAR QORVO INC QRVO CARNIVAL CORP CCL H&R BLOCK INC HRB ALIGN TECHNOLOGY ALGN WYNDHAM WORLD- WYN UNION PAC CORP UNP APPLIED MATERIAL AMAT WESTERN DIGITAL WDC S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % MACY'S INC M CHESAPEAKE ENERG CHK VIACOM INC-B VIAB KOHLS CORP KSS L BRANDS INC LB NRG ENERGY NRG DISCOVERY COMM-C DISCK CELGENE CORP CELG DISCOVERY COMM-A DISCA ADVANCE AUTO PAR AAP S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY Eight more lawsuits have been filed in various federal courts in the week since Apple opened up about its year-old software change, which slows down the performance of aging iphones. The cases - filed in California, New York and Illinois - seek class-action to represent iphone owners nationwide and demand unspecified damages along with, in some cases, reimbursement from Apple. General Electric is increasing its stake in Swedish 3D printer maker Arcam to more than 90% from 77%. It will buy Arcam's outstanding shares that are owned by Elliott Management and Polygon Investment Group for 345 Swedish crowns ($41.44) per share. KeyBanc estimates that Tesla Model 3 deliveries are tracking below Street expectations based on store checks by the investment firm. Lockheed Martin's Mitchel Field unit has been awarded a $154.4M contract to provide designs for navigation system hardware and software of Trident II D5 ballistic missiles. The company was also granted a $102.5M modification contract to exercise an option for AEGIS Combat System Engineering Agent efforts. General Electric has reversed its decision to close its plant in Rochester, NY, retaining all employees at the location for now. Flurry Analytics data shows that Apple iphones and ipads accounted for 44% of new devices activations in the week leading up to Christmas. Nvidia confirms changing the license agreement for driver software that goes with GeForce and Titan GPUs to deter data center use. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv(M) Actual Prior Time China BoP Current Account Balance $37.1b China Swift Global Payments CNY % 1.46% 3:00 Japan Industrial Production MoM 0.50% 0.60% 0.50% 1:50 Japan Retail Trade YoY 1.00% 2.20% -0.20% 1:50 Japan Industrial Production YoY 3.60% 3.70% 5.90% 1:50 Japan Retail Sales MoM 0.70% 1.90% 0.00% 1:50 Japan Vehicle Production YoY % 6.40% 6:00 Japan Dept. Store, Supermarket Sales 1.00% 1.40% -0.70% 1:50 Japan BOJ Summary of Opinions 1:50 Japan BOJ Outright Bond Purchase 5~10 Years 3:10 Japan BOJ Outright Bond Purchase 10~25 Years 3:10 Russia Markit Russia PMI Mfg :00 United Kingdom UK Finance Loans for Housing :30 United States Initial Jobless Claims 240k k 15:30 United States DOE U.S. Crude Oil Inventories -3750k k 18:00 United States Chicago Purchasing Manager :45 United States Wholesale Inventories MoM 0.30% % 15:30 United States Continuing Claims 1900k k 15:30 United States Advance Goods Trade Balance -$67.9b -- -$68.3b 15:30 United States Retail Inventories MoM % 15:30 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.