DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % % Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % % 10.96% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % % 9.95% BEMO Listed % 19.23% BLOM Listed % % 11.82% Trading RYMCO % -7.38% Industrial BEIRUT STOCK EXCHANGE Holcim % 14.80% Ciments Blancs % 26.22% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The UAE adopted a general expansionary fiscal policy during the first quarter of 2018 and increased its overall annual spending by 15.6 percent due to the recovery in oil prices, which led to increased proceeds from petroleum-based products. Saudi Arabia will not impose any new taxes until 2030 and the unemployment rate in the kingdom will begin to decline from 2019, Crown Prince Mohammed bin Salman bin Abdulaziz has said. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain (BB) % -0.58% Kuwait (KWSE) % 5.68% Muscat (MSM30 Index) % % Qatar (QE Index) % 15.53% KSA (TADAWUL) % 9.23% Dubai (DFM) % % Abu Dhabi (ADX) % 13.45% 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 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 % 6.99% 1.03% S&P % 7.93% 0.37% Nasdaq % 12.82% 1.09% Sectors Indices Discretionary % 14.24% 0.18% Staples % -6.38% -2.78% Energy % 7.12% -1.88% Financials % 0.24% -0.92% Healthcare % 14.22% -0.04% Industrials % 4.12% -2.90% IT % 16.84% 1.53% Materials % -4.66% -1.13% Telecom % -5.49% 1.23% Utilities % 1.82% 1.05% Real Estate % -3.68% -2.63% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE Stocks in the S&P 500 Index fell, capping the worst week in a month, as the latest U.S. jobs report boosted concern the Federal Reserve will raise rates faster than expected. Stoxx Europe 600 extends drop to 0.8%, from 0.5% earlier, after U.S. hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low. Asian equities fell for a sixth straight session on Monday as Chinese shares joined the global rout caused by the rise of U.S. Treasury yields and the fall in technology stocks after a week-long holiday. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 0.28% 0.51% Developed % 2.28% 0.61% Emerging % % 0.09% Frontier % % 0.15% Europe % -3.32% 0.52% Latin America % -6.90% -0.64% Asia Pacific % -8.15% 0.11% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -4.52% 0.40% FTSE % -4.80% 2.09% CAC % 0.88% 0.75% DAX % -6.24% -0.32% Swiss SMI % -3.62% 0.13% Nikkei % 4.48% 0.18% 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 % -0.12% - EUR/USD % -0.41% USD/JPY % -0.01% GBP/USD % -0.54% USD/CAD % 0.12% AUD/USD % 0.19% NZD/USD % -0.02% USD/CHF % 0.15% USD/NOK % -0.38% USD/SEK % 0.00% USD/CNY % 0.00% Major EUR Cross Rate EUR/GBP % 0.10% EUR/CHF % 0.30% EUR/JPY % -0.78% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar gained against most of its Group-of-10 peers as Treasury futures pointed to higher U.S. yields, and as China s currency and stocks fell on return from a week-long holiday. The yuan led a decline in Asian currencies as Chinese markets reopened after a week-long holiday. Sovereign bonds and stocks dropped as an elevated dollar and Treasury yields outweighed China s cut in reserve ratios. Australia s dollar steady after China returned from a week-long holiday with a cut to the reserve requirement ratio. 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 Treasury futures slide in early trade in Asia, with signs of stop selling. Aussie bonds open steeper and extend losses, remaining heavy ahead of 10-year auction. Japanese markets, cash Treasuries closed for public holiday. China returns from a week-long break as PBOC cuts the required reserve ratio. The Germany 2-year to 10-year yield curve will steepen to 113 basis points by the end of the forth quarter, from the current 109 basis points, based on Bloomberg surveys of market forecasts. 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 1.44 (0.0100) USD HY Spread 4.3 (0.0800) USD HY Spread 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 (0.100) 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 in London extended losses for a third day on signs that the potential impact of impending U.S. sanctions on Iranian supplies may be mitigated. Gold falls after 10-year U.S. bond yields climbed Friday to the highest level since 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 TYSON FOODS-A TSN FIRSTENERGY CORP FE DTE ENERGY CO DTE CLOROX CO CLX PG&E CORP PCG CMS ENERGY CORP CMS ALLIANT ENERGY LNT XCEL ENERGY INC XEL PINNACLE WEST PNW S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % IPG PHOTONICS IPGP NEWELL BRANDS IN NWL EASTMAN CHEMICAL EMN COSTCO WHOLESALE COST DISH NETWORK-A DISH XILINX INC XLNX GOODYEAR TIRE GT APTIV PLC APTV QORVO INC QRVO ILLUMINA INC ILMN S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Dell will list on the NYSE as part of its plan to go public again through a tracking stock buyout. If the listing is approved for the $21.7B deal, the new Class C shares will trade under the DELL symbol. Toyota recalls more than 2.4M vehicles due to a potential issue with the hybrid system of Prius vehicles losing power. The recall action covers Prius vehicles from the model years 2010 to 2014 and the larger Prius v from model years 2012 to A smaller number of Auris hatchbacks were also recalled. Upping its current $11B valuation, SoftBank is reportedly nearing a deal to invest about $500M in Grab as part of the latest funding round of Southeast Asia's biggest ride-hailing firm. After acquiring Uber's Southeast Asian business earlier this year, Grab is now looking to offer services such as food delivery, electronic money transfers and mobile payments. In connection with the previously announced spin-off of Resideo Technologies, Inc. from Honeywell, Resideo Funding Inc., a wholly owned subsidiary of Resideo, has priced a private offering of $400M aggregate principal amount of senior unsecured notes due November 1, 2026 at par, bearing interest at a rate of 6.125% per annum. Preparing for a future with self-driving vehicles, the U.S. Department of Transportation has released an 80-page report entitled "Automated Vehicles 3.0."It touts six principles, including prioritizing safety, remaining technology neutral, modernizing regulations and encouraging a consistent regulatory and operational environment. Sources: Seeking Alpha, Financial Times, Reuters

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time China Caixin China PMI Composite :45 China Caixin China PMI Services :45 China Foreign Direct Investment YoY CNY % Eurozone Sentix Investor Confidence :30 France Bank of France Ind. Sentiment :30 France France to Sell Up to 2.9 Billion Euros 15:50 France France to Sell Up to 1 Billion Euros 15:50 France France to Sell Up to 900 Million Euros 15:50 Germany Industrial Production SA MoM 0.30% % 9:00 Germany Industrial Production WDA YoY -0.10% % 9:00 Germany Merkel to Visit Frankfurt District Court 11:15 Germany Germany's Heiko Maas Delivers Speech 11:30 Germany Germany to Sell EUR3 Bln 182-Day Bills 12:30 Germany Merkel to Visit University in Darmstadt 13:00 Italy Italian Conte Meets EU's Brexit Chief 12:00 United States United States Army (AUSA) holds an... 7:00 United States Carahsoft holds an event 7:00 United States The Johns Hopkins University 7:00 United States President Donald Trump's Schedule 7:00 United States Fed's Bullard Speaking in Singapore 12:30 United States Baker Hughes U.S. Rig Count :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.