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 % -9.36% 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% 8.48% BEMO Listed % % 4.07% BLOM Listed % 8.49% 8.61% Trading RYMCO % 0.00% Industrial Holcim % 23.06% 16.51% Ciments Blancs % 43.31% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE SOVEREIGN CURVE Energy Minister Cesar Abi Khalil Tuesday night assured the Lebanese people that the initial proceeds from oil surveys had been deposited in a special account at the Central Bank, and that any statements to the contrary were false. The Saudi general budget 2018 announced on Tuesday continues to support the overarching goals of the Vision 2030, with a strong focus on supporting economic diversification, shielding economically vulnerable households from necessary energy price reforms, and spending on key physical and social infrastructure, according Jadwa Investment. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 4.22% Kuwait % 10.45% Oman % % Qatar % % KSA % 0.03% Dubai % -4.62% Abu Dhabi % -4.24% 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 % 25.12% 0.42% S&P % 19.67% 0.17% Nasdaq % 29.31% 0.05% Sectors Indices Discretionary % 21.14% 0.70% Staples % 10.33% -1.64% Energy % -6.15% 2.32% Financials % 19.95% 0.10% Healthcare % 21.19% 0.33% Industrials % 18.22% -0.97% IT % 38.86% 0.05% Materials % 20.38% -0.38% Telecom % -6.41% -0.43% Utilities % 9.14% -0.11% Real Estate % 5.45% 1.02% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE Stocks were mixed after U.S. equities dipped in the wake of congressional passage of U.S. tax cuts, suggesting investors see the growth-boost narrative from the corporate and individual rate reductions as having played out. Japanese shares closed slightly higher Thursday after the Bank of Japan retained its unprecedented monetary stimulus in the final policy meeting of 2017, as expected by economists. European stocks fell for a second day as the euro advanced and a drop in technology shares led the broader index lower. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 20.91% 0.14% Developed % 19.66% 0.12% Emerging % 31.38% -0.13% Frontier % 21.69% 0.25% Europe % 7.06% 1.03% Latin America % 18.37% -2.98% Asia Pacific % 27.08% 0.08% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 7.97% 0.81% FTSE % 5.35% -0.27% CAC % 10.09% 0.35% DAX % 13.83% 1.82% Swiss SMI % 13.32% 1.51% Nikkei % 19.63% -1.60% CSI % 23.19% -1.35% 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 % -0.09% - EUR/ % 0.04% /JPY % -0.28% GBP/ % -0.68% /CAD % -0.01% AUD/ % 0.09% NZD/ % 0.29% /CHF % -0.03% /NOK % -0.25% /SEK % -0.26% /CNY % -0.06% Major EUR Cross Rate EUR/GBP % -0.60% EUR/CHF % -0.02% EUR/JPY % -0.10% DISTANCE FROM 52 WEEKS LOW/HIGH The yen held near a one-week low after the Bank of Japan maintained its policy stance as economists forecast, and focus turns to the governor s press briefing this afternoon to gauge the central bank s outlook for The dollar dropped for a third straight day amid a global bond selloff and as a U.S. tax bill moved closer to becoming law; the euro hit an almost three-week high versus the greenback. Yuan gains against the dollar in choppy trade after earlier rising to a three-month high. A Bloomberg replica of CFETS RMB Index rose by the most in 10 weeks. 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 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 slid into the 3pm ET cash settlement before finding support as 10Y yield advance was capped ahead of 2.50%; late grind lower came after confirmation that House had votes to pass a tax-code rewrite, while long-end led weakness earlier mirrored price action over Monday and Tuesday. European bonds fall across the board, with the exception of Portugal, as focus moves to the EC- B s last day of public-sector buying Thursday, while supply is also expected to get a boost in the new year. Gilts and Treasuries also dropped during the London afternoon session. 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 IG 2Y Spread vs 10Y Spread (0.0100) HY IG Spread Spread (0.0800) - HY Spread 3.3 (0.0100) 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 (1.000) 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 held gains near the highest close in more than two weeks after government data showed crude stockpiles in the world s largest economy slid more than forecast to a two-year low. 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 % CHESAPEAKE ENERG CHK CONCHO RESOURCES CXO PIONEER NATURAL PXD TECHNIPFMC PLC FTI MICRON TECH MU FEDEX CORP FDX TRACTOR SUPPLY TSCO HALLIBURTON CO HAL CONOCOPHILLIPS COP DEVON ENERGY CO DVN S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % RED HAT INC RHT CHIPOTLE MEXICAN CMG PHILIP MORRIS IN PM NIELSEN HOLDINGS NLSN HANESBRANDS INC HBI UNDER ARMO-C UA HCA HEALTHCARE I HCA SIMON PROPERTY SPG SL GREEN REALTY SLG PPL CORP PPL S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY "The new normal for Intel is that we are going to take more risks," CEO Brian Krzanich wrote in a memo to employees. "If there's one thing about the future I am 100% sure of, it is the role of data: memory, FPGAs, IOT, AI, autonomous driving... We're just inches away from being a 50/50 company, meaning that half our revenue comes from the PC and half from new growth markets." China is planning to start a giant market to trade credits for the right to emit greenhouse gases. The program would initially cover the nation's state-dominated power generation sector, which produced almost half of the country s emissions from burning fossil fuels last year. The percentage of Americans who subscribe to cable TV, about 73%, is now on par with the number who subscribe to Netflix, according to a new survey from PwC, which was based on 2,000 consumers. UBER is a transportation firm and not a digital company, according to a long-awaited verdict from the European Court of Justice. The Bank of England will allow European banks to continue selling their services in the U.K. after Brexit without having to create expensive subsidiaries, the BBC reports. The global wearables market will grow from 113.2M shipments this year to 222.3M in 2021, according to IDC. The growth represents an 18.4% CAGR. The Defense Contract Management Agency zeroes in on the monthly delivery dates set out in production contracts, which it said Lockheed failed to meet for the fourth consecutive year. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv(M) Actual Prior Time Canada CPI YoY 2.00% % 15:30 Canada CPI NSA MoM 0.20% % 15:30 Canada Retail Sales MoM 0.30% % 15:30 Canada Retail Sales Ex Auto MoM 0.40% % 15:30 Eurozone Consumer Confidence :00 France Manufacturing Confidence :45 Japan BOJ Kuroda speakss 8:30 United Arab Emirates M1 Money Supply MoM % United Arab Emirates M3 Money Supply MoM % United Arab Emirates M2 Money Supply MoM % United Kingdom PSNB ex Banking Groups 9.0b b 11:30 United States Initial Jobless Claims 233k k 15:30 United States GDP Annualized QoQ 3.30% % 15:30 United States Leading Index 0.40% % 17:00 United States Philadelphia Fed Business Outlook :30 United States GDP Price Index 2.10% % 15:30 United States FHFA House Price Index MoM 0.40% % 16:00 United States Continuing Claims 1898k k 15:30 United States Personal Consumption 2.30% % 15:30 United States Core PCE QoQ 1.40% % 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.