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 % 2.75% Development and Reconstruction Solidere A % 2.12% Solidere B % 4.51% Banking Audi Listed % 4.17% 9.15% BLC Listed % 0.00% BOB Listed % 0.00% 3.52% Byblos Listed % 3.12% 8.49% BEMO Listed % 15.38% 3.53% BLOM Listed % 2.32% 9.44% Trading RYMCO % 1.54% Industrial Holcim % 2.01% 16.18% Ciments Blancs % 22.22% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE SOVEREIGN CURVE The King Abdullah Economic City (KAEC), the multibillion-dollar development on Saudi Arabia s Red Sea coast, intends to exploit the opportunities presented by the Kingdom s booming entertainment sector, the city s chief executive said on Wednesday. The adoption of the Blockchain technology will reflect on the quality of life in the UAE and will enhance happiness levels for citizens, Sheikh Mohammed said. 50% of government transactions on the federal level will be conducted using blockchain technology by GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % -3.22% Kuwait % 3.52% Oman % -6.07% Qatar % 5.77% KSA % 7.98% Dubai % -7.04% Abu Dhabi % 6.62% LOCAL/GCC FOREIGN EXCHANGE Cross Last Price Lebanese Pound Spot /LBP Bahraini Dinar Spot /BHD Kuwaiti Dinar Spot /KWD Omani Rial Spot /OMR Qatari Riyal Spot /QAR Saudi Riyal Spot /SAR UAE Dirham Spot /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 % -2.14% 0.77% S&P % -1.18% 0.21% Nasdaq % 2.40% -0.45% Sectors Indices Discretionary % 2.72% -0.96% Staples % -8.10% -1.16% Energy % -2.12% -3.41% Financials % -2.04% 1.29% Healthcare % -1.54% 0.59% Industrials % -3.61% 0.27% IT % 3.61% -0.37% Materials % -4.95% -0.85% Telecom % -9.20% 0.22% Utilities % -5.05% 0.02% Real Estate % -6.93% -3.76% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities fell for the first time this week after tweets from President Trump raised concerns over rising tensions in the Middle East. Facebook CEO Mark Zuckerberg takes the stage in Washington again today to testify to the House Committee on Energy and Commerce. European stocks retreated as geopolitical risks weighed on markets after U.S. President Donald Trump said relations with Russia have never been worse and warned that America is preparing to attack Syria. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -0.69% -0.27% Developed % -0.99% -0.24% Emerging % 1.47% -0.33% Frontier % 1.85% -0.24% Europe % -3.42% 0.69% Latin America % 8.03% -0.74% Asia Pacific % 0.42% 0.00% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -2.40% 0.45% FTSE % -5.60% -0.97% CAC % -0.65% 0.74% DAX % -4.83% 0.29% Swiss SMI % -7.18% -0.98% Nikkei % -4.88% 0.82% CSI % -2.88% -0.49% 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 Cross Rate Index % 0.04% - EUR/ % -0.04% /JPY % -0.08% GBP/ % -0.04% /CAD % -0.07% AUD/ % 0.05% NZD/ % -0.05% /CHF % -0.18% /NOK % -0.03% /SEK % 0.09% /CNY % -0.21% Major EUR Cross Rate EUR/GBP % -0.35% EUR/CHF % -0.16% EUR/JPY % 0.01% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar held near a two-week low as investors weighed the impact on financial markets of a possible U.S. strike against Syria. CAD eases in risk-off trading as geopolitical tensions over Syria escalate, though jump in crude prices may temper decline. Yen gained against its G-10 counterparts as President Trump weighs military options in Syria while tensions escalate between U.S. and Russia over the issue. EUR/ 30 DAYS SUPPORT & RESISTANCE GBP/ 30 DAYS SUPPORT & RESISTANCE /JPY 30 DAYS SUPPORT & RESISTANCE /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 0 0 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 Emerging Market IG & HY Treasuries rose as investors digested minutes from the most recent Federal Reserve meeting and mulled escalating tensions in the Middle East and political dissonance in Washington. Core European bonds push higher after U.S. President Trump warned Russia of a missile strike on Syria, boosting Treasuries and pushing German 10y yield back below 0.5%. Portugal climbs following EU3b syndicationof new 15y bond. OVERNIGHT RATES - SWAPS Yield Yield (in Bps) 3M LIBOR M EUR EURIBOR M GBP LIBOR Y SWAP Y SWAP Y SWAP Y SWAP Spread (in FIXED INCOME SPREADS r Spread Bps) 3M vs 10Y Spread Spread Spread (in Bps) 2Y 3M vs vs 10Y 10Y Spread (0.0200) IG 2Y Spread vs 10Y Spread (0.0100) (0.0202) HY IG Spread Spread (0.0800) - 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 CORPORATES - 30 DAYS SPREAD EU VS US - 30 DAYS SPREAD

5 DAILY MARKETS BRIEF I COMMODITIES GLOBAL COMMODITIES MARKET Last Price Daily % Commodity Index % COMMODITY INDEX SUPPORT & RESISTANCE Energy WTI Crude Future % Brent Crude Future % NYMEX Gasoline % NYMEX Heat Oil % ICE Gasoil % NYMEX Natural Gas % 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 % Escalating geopolitical risks in the Middle East are proving to be a boon for oil prices, with speculation over supply disruptions in the energy-rich region countering concerns over rising U.S. crude stockpiles. 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 % AGILENT TECH INC A AMERICAN AIRLINE AAL ADVANCE AUTO PAR AAP APPLE INC AAPL ABBVIE INC ABBV AMERISOURCEBERGE ABC ABBOTT LABS ABT ACCENTURE PLC-A ACN ADOBE SYS INC ADBE ANALOG DEVICES ADI S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % ZOETIS INC ZTS ZIONS BANCORP ZION ZIMMER BIOMET HO ZBH YUM! BRANDS INC YUM XYLEM INC XYL XEROX CORP XRX DENTSPLY SIRONA XRAY EXXON MOBIL CORP XOM XILINX INC XLNX XL GROUP LTD XL S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY Exxon Mobil says it expects to restart production from its Papua New Guinea liquefied natural gas project at the start of May after it was shut following an earthquake in February. The export terminal may not be able to produce at full capacity at first and likely will ramp up gradually, says the company's LNG VP Emma Cochrane. A federal jury rules that Apple has to pay VirnetX $502.6M due to patent infringement. The Texas-based jury found that Apple infringed on VirnetX s patents for secure communications when creating FaceTime, VPN on Demand, and imessage. The legal battle started in 2010 and had bounced between courts and trials. A recent jury awarded $302M in a case involving older Apple devices; a judge increased that amount to $429.7M. Total says it has purchased several assets in the Gulf of Mexico for ~$300M, as part of Cobalt International Energy s bankruptcy auction sale. TOT says it is acquiring a 20% stake in the North Platte asset, which will make it the operator with a 60% overall stake while Statoil holds the remaining 40%, an additional 20% in the Chevron-operated Anchor discovery, increasing its overall holding to 32.5%, and 13 additional offshore exploration blocks. Spotify is planning a new version of its free streaming music service in a first move since its public listing, Bloomberg reports. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA Banque BEMO sal KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time CA Bank of Canada Rate Decision 1.25% % 17:00 EC CPI YoY % 12:00 FR CPI YoY 1.50% % 9:45 GE ZEW Survey Expectations :00 GE ZEW Survey Current Situation :00 IT CPI EU Harmonized YoY % 11:00 JN Industrial Production MoM % 7:30 RU Gold and Forex Reserve b 16:00 RU Gold and Forex Reserve :00 RU Industrial Production YoY 1.30% % UK CPI YoY % 11:30 UK CPI MoM % 11:30 UK Jobless Claims Change k 11:30 UK CPI Core YoY % 11:30 UK ILO Unemployment Rate 3Mths % 11:30 US Initial Jobless Claims 230k k 15:30 US Initial Jobless Claims :30 US U. of Mich. Sentiment :00 US MBA Mortgage Applications % 14:00 US Retail Sales Advance MoM 0.30% % 15:30 US Housing Starts 1260k 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.