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 % -8.06% 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% 8.37% BEMO Listed % % 4.07% BLOM Listed % 8.68% 8.60% Trading RYMCO % 0.00% Industrial Holcim % 23.06% 16.51% Ciments Blancs % 43.31% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The UAE Central Bank (CB) has announced that the Money Supply aggregate M1 decreased by 0.3%, from Dhs492 billion at the end of October 2017 to Dhs490.3 billion at the end of November Saudi Arabia, the world's biggest oil exporter, has pushed back the implementation of major energy subsidy cuts by up to five years to 2025 in its latest budget - the largest in its history - as it looks to balance spending cuts with growth commitments. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 4.97% Kuwait % 11.58% Oman % % Qatar % % KSA % -0.01% Dubai % -4.70% Abu Dhabi % -4.34% 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 3.67 Saudi Riyal Spot USD/SAR UAE Dirham Spot USD/AED 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 % 25.40% -0.22% S&P % 19.91% -0.36% Nasdaq % 29.39% -0.02% Sectors Indices Discretionary % 21.90% 0.34% Staples % 10.25% 0.05% Energy % -4.20% 3.65% Financials % 20.97% 0.39% Healthcare % 20.88% -1.20% Industrials % 18.29% -0.10% IT % 38.46% 0.36% Materials % 20.79% 0.00% Telecom % -5.75% -0.68% Utilities % 7.85% -0.34% Real Estate % 5.05% -0.23% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE Asian stocks climbed to their highest in almost a month on Friday, tracking gains in U.S. equities, after Congress passed stopgap funding to avert a government shutdown. U.S. stocks rose as optimism over tax cuts prompted two more strategists to boost their 2018 target for the S&P 500. Energy and financial shares led the advance, while money kept rotating out of tech mega caps and dividend shares. European stocks advanced as energy firms rallied with oil prices, outweighing a slump in utilities. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 21.20% -0.33% Developed % 19.96% -0.23% Emerging % 31.56% -0.73% Frontier % 21.69% -0.89% Europe % 7.73% -0.19% Latin America % 19.22% 0.14% Asia Pacific % 27.01% -0.32% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 8.52% 0.00% FTSE % 6.46% 0.12% CAC % 10.77% 0.46% DAX % 14.19% -0.74% Swiss SMI % 14.66% 1.73% Nikkei % 19.82% -2.17% CSI % 22.37% 0.15% 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 % 0.01% - EUR/USD % 0.12% USD/JPY % -0.01% GBP/USD % -0.32% USD/CAD % -0.04% AUD/USD % 0.01% NZD/USD % -0.86% USD/CHF % 0.01% USD/NOK % -1.72% USD/SEK % -0.98% USD/CNY % 0.02% Major EUR Cross Rate EUR/GBP % -0.14% EUR/CHF % -0.05% EUR/JPY % 0.09% DISTANCE FROM 52 WEEKS LOW/HIGH The euro fell the most in two weeks as Catalan separatists retained their majority in Spain s regional parliament, delivering a blow to the central government s efforts to restrain an independence movement. Bitcoin sank as much as 21 percent on Friday, extending its loss from its intraday high this month toward 40 percent, as the crypto-world was swamped by a wave of selling. Canada s dollar surged as faster-than-expected inflation and retail sales growth spurred wagers for more imminent monetary tightening. 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 Treasuries ended mixed, with the curve sharply flatter, as real-money demand emerged in long end of the curve; flattening resumed during afternoon despite strong 5Y TIPS auction to leave 5s30s below 59bp and bond futures on session highs shortly after 3pm ET settlement. Bunds lead core European bonds lower, with selling focused on the 5y sector of the curve, as bearish sentiment continues into year-end. Catalonia elections mark main risk event amid light trading and ECB PSPP pause. 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) (0.0352) USD USD HY IG Spread Spread (0.0800) - USD HY Spread 3.29 (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 (7.400) 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 headed for the first weekly advance in a month as U.S. crude stockpiles fell to the lowest level in more than two years and the pace of production gains slowed. Gold heads for second weekly advance even as bond yields climb, with trading muted before holiday period. 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 % ENVISION HEALTHC EVHC HESS CORP HES CHARTER COMMUN-A CHTR APACHE CORP APA DISCOVERY COMM-C DISCK MARATHON OIL MRO DISCOVERY COMM-A DISCA RANGE RESOURCES RRC HELMERICH & PAYN HP SCHLUMBERGER LTD SLB S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % PG&E CORP PCG SCANA CORP SCG EDISON INTL EIX ALIGN TECHNOLOGY ALGN SEMPRA ENERGY SRE H&R BLOCK INC HRB CARMAX INC KMX KLA-TENCOR CORP KLAC BIOGEN INC BIIB MICRON TECH MU S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY The Bank of Japan is sticking to its aggressive monetary easing and offered no indication it was considering policy changes in 2018 at its two-day policy meeting. Walmart is experimenting with a cashier-less store concept called Project Kepler, which "aims to reimagine the in-store shopping experience with the help of technologies like computer vision," Recode reports. President Trump has threatened to cut off financial aid to countries that vote in favor of a draft UN resolution calling for the U.S. to withdraw its decision to recognize Jerusalem as Israel's capital. As tensions heat up on the Korean peninsula, Seoul is looking to buy an additional 20 Lockheed Martin F-35A stealth aircraft from the United States, in addition to 40 jets it agreed to buy in 2014, Joongang Ilbo reports. SpaceX has unveiled its new Falcon Heavy rocket, posting pictures inside a Florida hangar a month before its first launch. Tesla CEO Elon Musk promises a new navigation system is on the way from the EV automaker. Facebook and Universal Music Group have signed a license agreement to bring the former s music to the social networking site and its properties. The European Aviation Safety Agency orders airlines to potentially replace early some Rolls- Royce engines used on Boeing 787 Dreamliners on concerns they could fail during flight. Bloomberg sources say Apple wants to include advanced heart rate monitoring in future versions of the Watch. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv(M) Actual Prior Time Canada GDP MoM 0.20% % 15:30 France GDP QoQ 0.50% % 9:45 France GDP YoY 2.20% % 9:45 Germany GfK Consumer Confidence :00 Iraq CPI YoY % Italy Manufacturing Confidence :00 Italy Consumer Confidence Index :00 Italy Economic Sentiment :00 United Arab Emirates M1 Money Supply MoM % United Arab Emirates M3 Money Supply MoM % United Arab Emirates M2 Money Supply MoM % United Kingdom GDP QoQ 0.40% % 11:30 United Kingdom GDP YoY 1.50% % 11:30 United States U. of Mich. Sentiment :00 United States Durable Goods Orders 2.00% % 15:30 United States New Home Sales 655k k 17:00 United States Personal Income 0.40% % 15:30 United States Personal Spending 0.50% % 15:30 United States Durables Ex Transportation 0.50% % 15:30 United States Baker Hughes U.S. Rig Count :00 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.