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 % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 8.90% BLC Listed % -6.06% BOB Listed % 0.00% 3.52% Byblos Listed % -7.06% 8.37% BEMO Listed % % 4.07% BLOM Listed % 4.34% 8.92% Trading RYMCO % 0.00% Industrial Holcim % 23.40% 16.46% Ciments Blancs % 37.58% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The number of tourists coming to Lebanon is expected to reach 1.9 million at the end of 2017, hotel owners said Friday. The Secretary-General of the Hotel Owners Association Wadih Kanaan said the number of tourists was gradually growing. He predicted more tourists would spend their holiday seasons in Lebanon. Last year, there were 1,680,000 visitors, [not accounting] for Lebanese expatriates, Syrians and Palestinians, Kanaan said. Saudi Arabia s ambassador to Lebanon Walid Bin Mohammad al-yaacoub said Friday that Riyadh is willing to facilitate the visas to Lebanese businessmen seeking to work in the kingdom. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 3.66% Kuwait % 6.60% Oman % % Qatar % % KSA % -0.91% Dubai % -3.84% Abu Dhabi % -5.47% LOCAL/GCC FOREIGN EXCHANGE Cross Last Price Lebanese Pound Spot USD/LBP 1514 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 % 23.11% -0.05% S&P % 18.43% 0.20% Nasdaq % 27.07% 0.34% Sectors Indices Discretionary % 19.16% -0.01% Staples % 9.27% -0.10% Energy % -8.07% -1.37% Financials % 19.90% -0.51% Healthcare % 20.20% 1.57% Industrials % 16.68% -0.07% IT % 36.28% 0.32% Materials % 18.90% -0.71% Telecom % % 0.47% Utilities % 14.08% -0.22% Real Estate % 7.41% 0.30% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks rose in a broad rally as telecom services to energy companies advanced with the dollar posting the best weekly gain this year. European stocks advance in a broad rally amid optimism over a newly-struck deal between Britain and the European Union to unlock divorce negotiations and proceed to discussing a future trade deal. Most Asian equity markets rose after better-than-expected U.S. jobs data bolstered investor optimism for economic growth prospects. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 19.51% 0.61% Developed % 18.40% 0.33% Emerging % 28.82% 2.02% Frontier % 19.83% 3.63% Europe % 7.30% 0.25% Latin America % 15.44% 0.65% Asia Pacific % 25.24% 1.64% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 9.15% -0.04% FTSE % 3.52% 1.50% CAC % 11.04% -0.43% DAX % 14.57% 0.43% Swiss SMI % 13.37% -0.35% Nikkei % 20.01% 1.66% CSI % 22.75% -0.07% 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 % 0.17% - EUR/USD % -0.52% USD/JPY % 0.02% GBP/USD % 0.01% USD/CAD % -0.13% AUD/USD % 0.26% NZD/USD % 1.51% USD/CHF % 0.04% USD/NOK % -1.76% USD/SEK % -0.28% USD/CNY % -0.02% Major EUR Cross Rate EUR/GBP % -0.55% EUR/CHF % -0.12% EUR/JPY % -0.15% DISTANCE FROM 52 WEEKS LOW/HIGH Yen fell to one-month low against the dollar on expectations solid U.S. data will justify the Federal Reserve to raise interest rates this week. Bonds fell amid a weaker yen, higher stocks and concerns over Tuesday s five-year note auction. CAD rises as commodity complex recovers following reports of faster-than-expected Japanese economic growth and accelerating Chinese imports, and as risk appetite improves broadly. New Zealand s dollar surged by the most in a week as traders reined in bets for a dovish monetary policy with the appointment of Adrian Orr as the next central bank chief. 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 Economists see the Federal Reserve raising the fed funds rate at this month s meeting and three more times in 2018, according to a Bloomberg survey of 41 economists conducted Dec Peripheral spreads extended tightening, while gilts gapped higher at the open on first-round Brexit breakthrough before the euphoriafaded. Year-end cross-currency basis-swap induced pressure continues to unfold, but hasn t yet led to broader EUR collateral scarcity. 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 USD IG 2Y Spread vs 10Y Spread (0.0100) USD USD HY IG Spread Spread (0.0800) USD HY Spread 3.32 (0.0200) EU vs US 10Y Spread (0.0391) EU vs US 10Y Spread (0.0066) 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 halted gains near $57 a barrel as U.S. drillers expanded the crude rig count to a three-month high, potentially countering efforts by OPEC and its allies to drain a global glut. 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 % ALEXION PHARM ALXN FOOT LOCKER INC FL CENTURYLINK INC CTL NOBLE ENERGY INC NBL WESTERN DIGITAL WDC L BRANDS INC LB ACUITY BRANDS AYI BEST BUY CO INC BBY SIGNET JEWELERS SIG VERTEX PHARM VRTX S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % COOPER COS INC COO BALL CORP BLL TWENTY-FIRST C-A FOXA TWENTY-FIRST - B FOX MATTEL INC MAT AUTODESK INC ADSK APPLIED MATERIAL AMAT QUALCOMM INC QCOM BROADCOM LTD AVGO GENERAL MILLS IN GIS S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY Toshiba and business partner Western Digital have agreed to settle a dispute next week over the Japanese conglomerate's plans to sell its $18B chip unit, according to several sources. YouTube plans to introduce a paid music service in March, Bloomberg reports, marking a third attempt by parent company Alphabet to catch up with rivals Spotify and Apple. Tesla is casting a long shadow in a surprise appearance at the Los Angeles Auto Show, according to The Wall Street Journal's Dan Neil. He writes that Volkswagen, Jaguar and BMW are just a few of the automakers rolling out their EV concepts to carve out space in the autonomous, connectivity, electrification evolution of the industry. Neil sees Tesla as a survivor despite the slow pace of Model 3 production so far and widely-discussed financial pressures. Japan s Defense Ministry says it will request ~$19M in next fiscal year s budget to buy Lockheed Martin's (LMT) Joint Strike Missile for Japan s F-35 jet fighters and seek funding to research how to modify its F-15 jet fighters to carry LMT cruise missiles including the extendedrange Joint Air-to-Surface Standoff Missile. CNBC sources say Microsoft and Google have spoken to Qualcomm about concerns related to Broadcom s acquisition offer. Renault has shown off a self-driving car prototype called SYMBIOZ, which offers a glimpse of what mobility might look like in The all-electric vehicle is capable of handling level 4 autonomous driving, meaning that the auto can operate with little or even no input from the driver. Construction analytics startup BuildZoom estimated in October that the new Apple Park cost more than $1.1B, based on the building permits. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv(M) Actual Prior Time Austria Financial Stability Report 11:00 China Money Supply M2 YoY 8.90% % China New Yuan Loans CNY 800.0b b China Money Supply M1 YoY 12.90% % China Money Supply M0 YoY 6.50% % China Aggregate Financing CNY b b France Bank of France Ind. Sentiment :30 Germany Bloomberg Dec. Germany Economic 9:35 Italy Retail Sales MoM 0.00% % 11:00 Italy Retail Sales YoY % 11:00 Italy Bank of Italy Publishes Monthly Report 12:00 Italy Bloomberg Dec. Italy Economic Survey 9:45 Japan Money Stock M2 YoY 4.10% 4.00% 4.10% 1:50 Japan Money Stock M3 YoY 3.50% 3.40% 3.50% 1:50 Japan Machine Tool Orders YoY % 49.80% 8:00 United Kingdom Rightmove House Prices MoM % -0.80% 2:01 United Kingdom Rightmove House Prices YoY % 1.80% 2:01 United States JOLTS Job Openings :00 United States United States NAFTA Trade Ministers Meet Greek Prime Minister Speech at Forum 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.