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 % % 10.85% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 10.02% BEMO Listed % 19.23% BLOM Listed % % 12.21% Trading RYMCO % % Industrial Holcim % 14.80% Ciments Blancs % 26.22% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The International Monetary Fund raised its forecast for the UAE's economic growth this year and next on expectations that oil production and government spending will increase. The Gulf nation's economy is projected to expand 2.9 per cent this year and 3.7 per cent in 2019, Natalia Tamirisa, the IMF's UAE mission chief, said in a statement late on Sunday. Saudi Arabia s government aims to increase spending by over 7 per cent next year in an effort to boost sluggish economic growth, while continuing to cut its budget deficit gradually, acoording to finance ministry figures released on Sunday. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % 0.25% Kuwait (KWSE) % 6.03% Muscat (MSM30 Index) % % Qatar (QE Index) % 14.86% KSA (TADAWUL) % 11.23% Dubai (DFM) % % Abu Dhabi (ADX) % 13.21% 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 Last Price Daily % YTD % 10D Vol Major Indices DowJones % 7.82% 0.04% S&P % 9.39% -0.34% Nasdaq % 16.43% -0.61% Sectors Indices Discretionary % 19.24% -2.12% Staples % -5.59% -0.12% Energy % 6.70% 1.53% Financials % -0.90% -0.08% Healthcare % 15.79% 0.01% Industrials % 4.26% 0.02% IT % 20.10% -0.16% Materials % -3.18% 1.65% Telecom % -3.43% 0.03% Utilities % -0.34% -0.01% Real Estate % -1.82% 0.22% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE The S&P 500 rose as President Trump signed a successor to the North American Free Trade Agreement, clearing the way for companies reliant on tariff-free commerce. Small-cap stocks slumped as improved prospects for trade deals reduced the allure of domestically-focused stocks. U.K. stock benchmark FTSE 100 falls as much as 0.6% as pound rises on report that Prime Minister Theresa May is preparing to make a new Brexit offer on the Irish border issue. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 2.30% -0.42% Developed % 4.03% -0.52% Emerging % -9.67% 0.30% Frontier % % 0.06% Europe % -1.46% -0.01% Latin America % -9.33% -0.46% Asia Pacific % -5.09% 0.16% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -2.56% 0.04% FTSE % -2.50% 0.21% CAC % 3.66% 0.00% DAX % -4.48% 0.30% Swiss SMI % -2.72% -0.35% Nikkei % 7.06% -0.49% CSI % % 0.00% DEVELOPED VS EMERGING - 30 DAYS CHART EMERGING DEVELOPED INTERNATIONAL EQUITY - 30 DAYS CHART FTSE 100 CAC 40 DAX NIKKEI 225 Source: Bloomberg, Financial Times

3 DAILY MARKETS BRIEF I FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET Last Price Daily % 10D Vol 25RR Major USD Cross Rate USD Index % -0.13% - EUR/USD % -0.03% USD/JPY % -0.16% GBP/USD % 0.00% USD/CAD % -0.11% AUD/USD % -1.08% NZD/USD % -0.36% USD/CHF % 0.03% USD/NOK % 0.11% USD/SEK % -0.41% USD/CNY % 0.00% Major EUR Cross Rate EUR/GBP % 0.00% EUR/CHF % 0.04% EUR/JPY % 0.09% DISTANCE FROM 52 WEEKS LOW/HIGH The Canadian dollar surged Monday following an agreement to modify Nafta, while the euro drifted lower amid weakness in the Italian bond market after European finance chiefs questioned the country s budget plan. Turkey s currency rose against the dollar and five-year government bonds gained as market awaits inflation data due Wednesday. The Australian dollar is in focus with demand from local exporters looking to hedge before a policy decision by the central bank, traders said. EUR/USD 30 DAYS SUPPORT & RESISTANCE Source: Bloomberg, Financial Times 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 Yields on U.S. government bonds rose modestly on Monday, as risk assets rallied off the weekend announcement that the United States and Canada had reached a deal to save NAFTA as a trilateral pact with Mexico. The United Kingdom s gilts slumped during European session Monday after the country s manufacturing PMI for the month of September beat market expectations and investors will now be focusing on the construction PMI for the similar period. 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 1.45 (0.0200) USD HY Spread 4.3 (0.0800) USD HY Spread 3.1 (0.0800) EU vs US 10Y Spread (0.0391) EU vs US 10Y Spread EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread (0.0117) EM vs Benchmark Spread (0.0140) EM vs Benchmark Spread (2.300) 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 extended gains near the highest level in almost four years as investors grapple with doubts over OPEC s ability to replace falling exports from Iran. Gold rises as investors weigh the Trump administration s trade deals, which may set the scene for a protracted economic conflict with China. Source: Bloomberg 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 % GENERAL ELECTRIC GE PRAXAIR INC PX HESS CORP HES DAVITA INC DVA CONOCOPHILLIPS COP MARATHON PETROLE MPC NVIDIA CORP NVDA KANSAS CITY SOUT KSU BOEING CO/THE BA CIMAREX ENERGY C XEC S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % NEKTAR THERAPEUT NKTR F5 NETWORKS FFIV AMERICAN AIRLINE AAL VIACOM INC-B VIAB MGM RESORTS INTE MGM SCANA CORP SCG HILTON WORLDWIDE HLT CBS CORP-B CBS MARRIOTT INTL-A MAR ROLLINS INC ROL S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY General Electric has replaced chief executive John Flannery just over a year into his role, as the US conglomerate said its struggling power business would take a hit of about $23bn. PwC s global chairman has rejected calls for the Big Four accounting firms to be broken up, warning this would hurt audit quality and reduce the appeal of the sector to potential recruits. Shares in US electric car maker Tesla rebounded sharply on Monday, reversing the dramatic fall they suffered last week, after chief executive Elon Musk reached a settlement with regulators over securities fraud allegations. Automobile manufacturers Ford and General Motors rallied Monday after the United States and Canada struck a last-minute deal to replace the North American Free Trade Agreement. Harley-Davidson is turning to online retailer Amazon to sell its merchandise as it struggles with its fourth straight year of declining sales. Google has announced Project Stream, a game streaming service. The company has partnered with Ubisoft to stream one of their latest games to a test group of users through its Chrome browser. Saudi Arabia is denying a report from the Wall Street Journal that it s put the brakes on a $200 billion plan with SoftBank to build the world s biggest solar power project. Boeing and Embraer are in talks to set up an assembly line to build KC-390 military cargo jets in the U.S., Brazilian newspaper Valor Economico reports. Sources: Seeking Alpha, Financial Times, Reuters

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Eurozone PPI YoY 3.80% % 12:00 Eurozone PPI MoM 0.20% % 12:00 Eurozone ECB's Francois Villeroy de Galhau speech 17:30 Eurozone ECB Main Refinancing Operation Result 12:30 Japan Monetary Base YoY % 6.90% 2:50 Japan Loans & Discounts Corp YoY % 3.18% 3:00 Japan Consumer Confidence Index :00 Japan Monetary Base End of period --  505.0t  502.0t 2:50 Japan Japan Sells JPY2.199 Tln 0.10% 10-Year 6:35 United Kingdom Nationwide House PX MoM 0.20% % 9:00 United Kingdom Nationwide House Px NSA YoY 1.90% % 9:00 United Kingdom Markit/CIPS UK Construction PMI :30 United Kingdom BOE's Haskel Chairs Panel in London 13:35 United Kingdom Conservative Party Conference in Birmingham United States Cato Institute holds an event 0:00 United States Quarles Testifies to Banking Committee 17:00 United States The Urban Institute holds an event 1:00 United States The Atlantic holds an event 7:00 United States Johns Hopkins School of Advanced... 7:00 United States The Pew Charitable Trusts holds an event 7:00 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.