DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 11.53% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 10.16% BEMO Listed % 20.77% BLOM Listed % % 12.14% Trading RYMCO % 0.92% Industrial BEIRUT STOCK EXCHANGE Holcim % 10.65% Ciments Blancs % 13.33% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Prime Minister designate Saad Hariri is set to be the keynote speaker, at the Lebanon U.K. Business and Investment Forum in London tomorrow. The event will be the first in a series of forums abroad to showcase potential investment opportunities in the country. Other forums are scheduled to be held next year in France, Germany, Japan, China and the U.S. Retail sales across Kuwait, Oman, Saudi Arabia and the UAE are poised to increase by more than $24 billion over the next five years. The UAE expected to lead this trend with an estimated growth rate of 16 percent, according to new research from Euromonitor International. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -1.04% Kuwait (KWSE) % 6.78% Muscat (MSM30 Index) % % Qatar (QE Index) % 23.85% KSA (TADAWUL) % 8.21% Dubai (DFM) % % Abu Dhabi (ADX) % 8.48% 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 Major Indices Last Price Daily % YTD % 10D Vol DowJones % -1.20% -1.24% S&P % -1.34% -1.46% Nasdaq % 1.70% -1.70% Sectors Indices Discretionary % 4.24% -2.62% Staples % -4.88% 0.00% Energy % % -0.75% Financials % % -3.34% Healthcare % 9.74% -0.43% Industrials % % -0.47% IT % 3.58% -1.16% Materials % % -1.14% Com. Services % % -1.75% Utilities % 6.71% 0.00% Real Estate % 2.31% 0.42% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks bounced back from earlier losses despite lingering trade tensions and weakening data on the Chinese economy. The S&P 500 erased a 1.9 percent decline to end the trading day modestly higher. Technology and communication stocks led the rebound. European shares were lower in the wake of political risk with a key vote on Brexit being delayed weighing heavily on British stocks, unrest over the weekend in France added to concerns. Disappointing trade data from China and contagion from Wall Street s losses on Friday pressured Asian equities lower. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % -7.65% 0.87% Developed % -7.16% 0.08% Emerging % % 2.32% Frontier % % -0.15% Europe % % 1.49% Latin America % % 6.31% Asia Pacific % % 2.36% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % % 0.55% FTSE % % 0.09% CAC % % 0.70% DAX % % 0.55% Swiss SMI % -8.86% 2.36% Nikkei % -7.10% 2.18% CSI % % 1.02% 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 % -1.12% - EUR/USD % -1.24% USD/JPY % 0.03% GBP/USD % -1.16% USD/CAD % -0.12% AUD/USD % -2.67% NZD/USD % -2.88% USD/CHF % -0.68% USD/NOK % -0.38% USD/SEK % -1.18% USD/CNY % 0.01% Major EUR Cross Rate EUR/GBP % 0.03% EUR/CHF % -0.19% EUR/JPY % -0.73% DISTANCE FROM 52 WEEKS LOW/HIGH The pound dropped to its lowest since April 2017 on Monday after U.K. Prime Minister Theresa May deferred a vote on her Brexit plan that had been set for Tuesday. The U.S. dollar was higher against most of its G-10 peers apart from the Swiss franc and the New Zealand dollar. The dollar was able to maintain gains despite the S&P 500 reversing its losses. The euro was slightly lower versus the dollar amid dollar buying following a sell-off in the pound. Dollar purchasing also pressured the Japanese yen lower. 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 were little changed to slightly higher on Monday in choppy trading as investors digested potentially destabilizing events such as Brexit turmoil and the U.S.-China trade conflict. U.K. 10-year yields dropped to their lowest levels since late May after Britain's Prime Minister abandoned a parliamentary vote on her deal to exit the E.U. Jobless claims figures are scheduled for release today and remain in focus. Yields on German government bonds were little changed. 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, Reuters, Econotimes 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 fell, echoing the weakness in global stock markets as the focus returned to concerns about growth in demand and crude prices erased some of the gains made last week on an OPEC-led decision to cut output. Gold fell yesterday, pressured lower by purchasing of the U.S. dollar amid Brexit uncertainty. 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 NORTHROP GRUMMAN NOC BROADCOM INC AVGO LOCKHEED MARTIN LMT FORTINET INC FTNT COOPER COS INC COO RAYTHEON CO RTN FACEBOOK INC-A FB IDEXX LABS IDXX H&R BLOCK INC HRB ALIGN TECHNOLOGY ALGN TOP 10 LOSERS Ticker Last Price Daily % S&P 500 Stocks APACHE CORP APA NEWFIELD EXPLORA NFX UNDER ARMO-C UA MARATHON OIL MRO UNDER ARMOUR-A UAA KEYCORP KEY FEDEX CORP FDX BRIGHTHOUSE FINA BHF NOBLE ENERGY INC NBL MATTEL INC MAT S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY A Chinese court has ordered a sales ban of some older Apple Inc iphone models in China for violating two patents of chipmaker Qualcomm, though intellectual property lawyers said enforcement of the ban was likely still a distant threat. Verizon Communications Inc. said on Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company s voluntary separation program. The company has been looking at cutting costs as it ramps up investment in its next generation 5G network. French media conglomerate Vivendi said this morning that it would look to call upon a new shareholders meeting to change the board members at Telecom Italia and get rid of those proposed by activist fund Elliott. U.S. defense contractor Lockheed Martin Corp named Kenneth Possenriede chief financial officer, replacing Bruce Tanner. Possenriede is currently vice president of finance and program management at the company s aeronautics unit. Wells Fargo must keep a lid on its growth until the bank has hardened its risk management policies to prevent any further abuse of its customers, said Jerome Powell, chairman of the Federal Reserve. GoPro Inc. on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs. Alphabet Inc s Google said it would shut down its Google+ social media service in April, four months ahead of schedule. Sources: Seeking Alpha, Financial Times, Reuters, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time China Money Supply M2 YoY 8.00% % China New Yuan Loans CNY b b China Money Supply M1 YoY 3.00% % China Money Supply M0 YoY 3.00% % China Foreign Direct Investment YoY CNY % Eurozone ZEW Survey Expectations :00 Germany ZEW Survey Expectations :00 Germany ZEW Survey Current Situation :00 Japan Money Stock M2 YoY 2.60% 2.30% 2.70% 1:50 Japan Money Stock M3 YoY 2.30% 2.10% 2.30% 1:50 Japan Machine Tool Orders YoY % -0.70% 8:00 United Kingdom Jobless Claims Change k 11:30 United Kingdom Claimant Count Rate % 11:30 United Kingdom Average Weekly Earnings 3M/YoY 3.00% % 11:30 United Kingdom Weekly Earnings ex Bonus 3M/YoY 3.20% % 11:30 United States PPI Final Demand MoM 0.00% % 15:30 United States PPI Final Demand YoY 2.50% % 15:30 United States PPI Ex Food and Energy MoM 0.10% % 15:30 United States PPI Ex Food and Energy YoY 2.50% % 15:30 United States NFIB Small Business Optimism :00 United States DOE Short-Term Crude Outlook :00 United States DOE Short-Term Ht Oil Outlook :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.