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 % -3.93% Development and Reconstruction Solidere A % -7.29% Solidere B % % Banking Audi Listed % -5.10% 11.66% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -3.65% 10.55% BEMO Listed % -1.27% BLOM Listed % -3.78% 12.62% Trading RYMCO % 0.00% Industrial Holcim % 0.00% Ciments Blancs % 7.84% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Nasdaq Dubai has launched futures trading on FTSE Russell s Saudi Arabia Index, which tracks 46 Saudi Arabia-listed companies. The move is part of a rapid expansion of Nasdaq Dubai s equity derivatives market covering Saudi Arabia, whose Tadawul stock market is the largest and most heavily traded in the Middle East. The UAE has increased petrol prices by around 4.5 percent for the month of March, following price cuts in January and February, the country s fuel price committee has announced. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 5.64% Kuwait % 2.99% Oman % -4.15% Qatar % -1.82% KSA % 8.51% Dubai % 4.19% Abu Dhabi % 4.53% 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 Business 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 % 11.10% -0.23% S&P % 11.08% 0.03% Nasdaq % 13.52% 0.54% Sectors Indices Discretionary % 10.94% 0.38% Staples % 7.22% -2.89% Energy % 13.18% 1.36% Financials % 10.95% -2.06% Healthcare % 5.75% 0.11% Industrials % 18.11% -0.51% IT % 13.96% 0.73% Materials % 8.66% 1.95% Com. Services % 10.97% 0.01% Utilities % 7.04% -0.56% Real Estate % 11.64% -0.23% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stocks declined Thursday, falling for a third day for the first time since Christmas, as a report showing a steadier-than-expected economy failed to offset trade and geopolitical concerns. European shares opened lower following Asian markets after the summit between U.S. President Donald Trump U.S. and his North Korean counterpart ended without a deal. As another week comes to an end, one thing s clear: for Asian stock markets, it s all been about Trump. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 10.48% 0.07% Developed % 10.72% -1.13% Emerging % 8.82% 0.51% Frontier % 7.58% 4.00% Europe % 10.22% -3.46% Latin America % 9.95% 2.84% Asia Pacific % 8.17% -0.21% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 9.89% -5.49% FTSE % 5.15% -0.97% CAC % 10.78% -5.10% DAX % 9.06% -5.01% Swiss SMI % 11.38% -1.02% Nikkei % 7.93% -1.06% CSI % 24.00% -2.87% 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 % 0.15% - EUR/USD % 0.10% USD/JPY % 0.29% GBP/USD % 0.39% USD/CAD % 0.00% AUD/USD % -0.01% NZD/USD % -0.06% USD/CHF % 0.10% USD/NOK % -0.06% USD/SEK % 0.02% USD/CNY % 0.33% Major EUR Cross Rate EUR/GBP % 0.18% EUR/CHF % -0.03% EUR/JPY % 0.04% DISTANCE FROM 52 WEEKS LOW/HIGH The yen fell against all major peers as haven bids eased after a China manufacturing report beat estimates. Better-than-expected U.S. data and firmer Treasury yields also underpinned the dollar. A gauge tracking the yuan against 24 other currencies advanced this week amid optimism over U.S.- China trade talks. Stronger-than-expected U.S. economy data pushed the dollar higher Thursday, helping the currency finish the month in the green for the first time since October. 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 Bunds tumble, leading euro-area sovereign bond declines, as Treasuries fall on stronger-thanexpected Chicago PMI data and equities erase losses. German curve steepens into month-end. Italian bonds rise, Bunds edge lower and European curves mostly steepen as equities pare opening declines. Open interest in 10-year gilt futures contracts fell on Wednesday, when the yield advanced 7bps in the largest increase since Jan. 4, suggesting traders liquidated long positions. 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 3.82 (0.0700) 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 254 (2.200) Source: Bloomberg, Financial Times, Economic times, Reuters 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 % 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 % Oil was poised to eke out a third weekly gain after Saudi Arabia defied U.S. President Donald Trump s call for lower prices, and a drop in American crude inventories signaled supplies are tightening. Source: Bloomberg, Reuters 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 MONSTER BEVERAGE MNST UNIVERSAL HLTH-B UHS SOUTHWEST AIR LUV WESTERN DIGITAL WDC PERRIGO CO PLC PRGO NIELSEN HOLDINGS NLSN TAKE-TWO INTERAC TTWO KRAFT HEINZ CO/T KHC CARMAX INC KMX AUTOZONE INC AZO S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % HP INC HPQ BOOKING HOLDINGS BKNG CELGENE CORP CELG BRIGHTHOUSE FINA BHF L BRANDS INC LB GENERAL ELECTRIC GE EXPEDIA GROUP IN EXPE WEYERHAEUSER CO WY WELLCARE HEALTH WCG PACKAGING CORP PKG S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Nordstrom is up 6.5% after hours following its beat on Q4 profits, with results generally matching up with its mid-january holiday sales update, and high-side guidance for the coming year's earnings. Petrobras is expanding its divestment program and has "bold" plans for future sales, CEO Roberto Castillo Branco said in today's earnings conference call. JPMorgan Chase is conducting a feasibility study on setting up a private bank in China as new regulations may give foreign companies a shot at competing with local firms, Bloomberg reports. Facebook and other Internet messaging services are making a monetization move through introducing new crytocurrencies for payments on their systems, The New York Timesreports. Alphabet's YouTube will temporarily disable comments on most videos featuring minors in the coming months. The move follows the latest advertiser spending pause after ads appeared alongside inappropriate content. General Motors says the president of the North America business plans to step down from the company after a forty-year stint. Uber is in advanced talks to purchase Middle East rival Careem, according to Bloomberg sources. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada Quarterly GDP Annualized 1.00% % 15:30 Canada Markit Canada Manufacturing PMI :30 Canada GDP MoM 0.00% % 15:30 China Caixin China PMI Mfg :45 Eurozone Markit Eurozone Manufacturing PMI :00 France Markit France Manufacturing PMI :50 Germany Unemployment Change (000's) -5k -- -2k 10:55 Germany BME Germany Manufacturing PMI :55 Italy Markit/ADACI Italy Manufacturing PMI :45 Japan Jobless Rate 2.40% 2.50% 2.40% 1:30 Japan Tokyo CPI Ex-Fresh Food YoY 1.00% 1.10% 1.10% 1:30 Japan Nikkei Japan PMI Mfg :30 Japan Job-To-Applicant Ratio :30 Japan Capital Spending YoY 4.50% 5.70% 4.50% 1:50 United Kingdom Markit UK PMI Manufacturing SA :30 United Kingdom Mortgage Approvals 63.4k k 11:30 United States ISM Manufacturing :00 United States U. of Mich. Sentiment :00 United States Markit US Manufacturing PMI :45 United States Personal Income 0.30% :30 United States Personal Spending -0.30% % 15:30 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.