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 % 2.52% Development and Reconstruction Solidere A % 4.12% Solidere B % 4.01% Banking Audi Listed % 2.61% 8.45% BLC Listed % 0.00% BOB Listed % 0.00% 3.52% Byblos Listed % 1.25% 8.17% BEMO Listed % % 4.52% BLOM Listed % 1.37% 8.39% Trading RYMCO % 0.00% Industrial Holcim % 0.76% 16.18% Ciments Blancs % 16.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Head of the Association of Lebanese Industrialists Fadi Gemayel Thursday urged the government to implement exceptional measures to prevent the closure of more factories in the future. Speaking at a news conference following a meeting with members of the association, Gemayel warned that the Lebanese factories are in dire need of government support, noting that 388 industrial plants shut down from 2012 to Lebanese industrialists have constantly complained about the unfair competition from some foreign countries that dump the market with cheap products. Source: Daily Star, Gulf Base GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 0.08% Kuwait % 4.88% Oman % -1.70% Qatar % 6.43% KSA % 3.82% Dubai % -2.37% Abu Dhabi % 3.93% 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 % 2.02% -0.95% S&P % 2.19% -0.47% Nasdaq % 4.87% -0.10% Sectors Indices Discretionary % 6.19% 0.23% Staples % -2.68% 1.34% Energy % -6.17% -4.84% Financials % 3.59% -1.08% Healthcare % 3.23% 0.73% Industrials % 1.82% 0.05% IT % 5.54% -1.53% Materials % -0.02% -2.31% Telecom % -4.21% 0.18% Utilities % -5.32% 3.78% Real Estate % -7.07% 0.91% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. stock index futures rise, signaling further gains on Wall Street as global equities continue to recover and bond yields fall back from recent peaks. European stocks emerging from the shadow of a global selloff rise further on Friday, extending their biggest weekly gain in more than a year. Asian equities rose for a sixth-straight session, set for the longest winning streak in almost six weeks, after U.S. stocks capped their biggest weekly gain in five years. Japanese shares rose for a third day. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 1.87% 0.33% Developed % 1.64% 0.14% Emerging % 3.56% 1.56% Frontier % 1.96% 0.50% Europe % -2.37% 0.02% Latin America % 9.98% -1.30% Asia Pacific % 1.58% 2.05% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % -2.20% 0.21% FTSE % -5.11% 0.25% CAC % -0.58% 0.62% DAX % -3.60% -0.74% Swiss SMI % -4.21% 0.17% Nikkei % -4.59% -0.53% CSI % -1.59% 0.00% 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 % 0.05% - EUR/USD % 0.02% USD/JPY % -0.26% GBP/USD % 0.04% USD/CAD % -0.36% AUD/USD % -0.17% NZD/USD % -1.12% USD/CHF % -0.27% USD/NOK % -0.06% USD/SEK % -0.17% USD/CNY % 0.00% Major EUR Cross Rate EUR/GBP % -0.03% EUR/CHF % -0.83% EUR/JPY % -0.83% DISTANCE FROM 52 WEEKS LOW/HIGH The dollar rose against the yen in early European dealings as intraday traders who sold earlier, bought back after the Nikkei 225 closed 2 percent higher, boosting risk sentiment. The yen steadies after having given up some gains from a 15-month high reached on Friday, with focus on stocks and the extent of USD short-covering. Bank of Japan s buying operations and fading speculation for an early policy tweak is expected to support bonds. 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 0 0 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 s plan to sell $151b in three auctions on Tuesday will result in the heaviest day of T-bill supply on record, according to Bloomberg data since 1994; the elevated total reflects a condensed schedule and supply increases, including record amounts for the three- and six-month tenors. Bund futures push higher, dragging 10y yields down as quiet end-of-week economic calendar puts focus on next week s favorable supply picture. Peripherals rise, while OAT futures climb as block trades land. 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 (0.0343) USD IG 2Y Spread vs 10Y Spread (0.0100) (0.0397) USD HY IG Spread (0.0800) - EU USD vs HY US Spread 10Y Spread (0.0391) (0.0500) EU vs US 10Y Spread (0.1070) EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread (0.1043) EM vs Benchmark Spread (0.0140) EM vs Benchmark Spread (1.600) 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 % For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role seems to be shifting. 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 % CHIPOTLE MEXICAN CMG NUCOR CORP NUE HUNTINGTON INGAL HII KIMCO REALTY KIM VERISIGN INC VRSN ABBVIE INC ABBV AMERICAN TOWER C AMT FLOWSERVE CORP FLS PATTERSON COS PDCO LABORATORY CP LH S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % VF CORP VFC UNDER ARMOUR-A UAA VULCAN MATERIALS VMC CBOE GLOBAL MARK CBOE UNDER ARMO-C UA CHESAPEAKE ENERG CHK MARATHON OIL MRO WILLIAMS COS INC WMB CAMPBELL SOUP CO CPB DIGITAL REALTY DLR S&P 500 DISTRIBUTION S&P VOLATILITY INDEX WINNERS LOSERS LOW VOLATILITY HIGH VOLATILITY Samsung needs new OLED panel customers now that Apple has slashed its iphone X production due to weak demand, according to Nikkei Asian Review. Apple s shift left Samsung saddled with supplies, and other smartphone makers have been slow to switch to OLED panels due to expense. Ablynx announces that Sanofi has exercised its option to license two additional target combinations under their July 2017 collaboration aimed at developing and commercializing Nanobodybased therapeutics for immune-mediated inflammatory disorders. Uber says it will now report serious crimes involving passengers to UK police instead of letting passengers report the crime. Wendy's announces that its board approved a new share repurchase program for up to $175M worth of shares. The company intends to repurchase shares with existing cash on its balance sheet and cash flow from operations. The remaining bidders competing for streaming rights to the NFL's Thursday Night Footballinclude Twitter, Amazon, Verizon and YouTube. Twitter paid $10M for the rights in 2016 and Amazon won them last year for $50M, but the latest renewal could go for much more. Source: Seeking Alpha

7 DAILY MARKETS BRIEF I ECONOMIC DATA Banque BEMO sal KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Eurozone ECB Current Account SA b 11:00 Eurozone Construction Output MoM % 12:00 Eurozone Current Account NSA b 11:00 Eurozone Construction Output YoY % 12:00 Italy Current Account Balance m 11:00 Japan Trade Balance - - b  359.0b  943.4b 1:50 Japan Trade Balance Adjusted  143.9b  373.3b  86.8b 1:50 Japan Exports YoY 9.40% 12.20% 9.30% 1:50 Japan Imports YoY 7.70% 7.90% 14.90% 1:50 Japan BOJ Outright Bond Purchase 10~25 Years 3:10 Japan BOJ Outright Bond Purchase 25 Years~ 3:10 Russia Unemployment Rate 5.30% % 15:00 Russia Retail Sales Real YoY 2.20% % 15:00 Russia Real Wages YoY 5.20% % 15:00 Russia PPI YoY 6.40% % 15:00 Russia Real Disposable Income -0.50% % 15:00 Russia PPI MoM 1.30% % 15:00 Russia Cargo Shipments YoY -1.30% % 15:00 United Kingdom Rightmove House Prices MoM % 0.70% 2:01 United Kingdom Rightmove House Prices YoY % 1.10% 2:01 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.