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 % -5.79% Development and Reconstruction Solidere A % -7.29% Solidere B % % Banking Audi Listed % -5.31% 11.81% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -1.46% 10.39% BEMO Listed % -1.27% BLOM Listed % -3.35% 12.56% Trading RYMCO % 0.00% Industrial Holcim % -1.10% Ciments Blancs % 0.00% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup s head of investment banking, Middle East and Africa. The UAE s Federal Tax Authority has clarified that passively earned interest income from bank deposits and dividend income are not subject to value added tax in the country. The ruling only applies to interest derived from bank deposits and does not have any bearing on the interest generated from extending loans or credit. GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 3.90% Kuwait % 3.38% Oman % -4.60% Qatar % 0.03% KSA % 9.88% Dubai % -1.40% Abu Dhabi % 2.00% 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 % 8.99% -1.09% S&P % 9.49% -0.89% Nasdaq % 11.75% -2.18% Sectors Indices Discretionary % 9.92% -1.54% Staples % 7.04% 0.17% Energy % 11.18% -0.28% Financials % 9.44% 3.67% Healthcare % 5.17% -0.07% Industrials % 15.68% 0.01% IT % 10.92% -5.20% Materials % 6.86% 4.06% Com. Services % 9.89% -0.09% Utilities % 5.22% 0.05% Real Estate % 10.98% 0.71% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities ended higher, rallying as investors were reassured by a tentative congressional spending deal which includes funding for some sort of wall or fence to avoid another government shutdown. Additionally, optimism surrounding the U.S.-China trade negotiations provided support. Major U.S. indices rose in excess of 1 percent. European equities were similarly supported by the above mentioned positive news. French and German indices rose as automakers and their suppliers were among the biggest gainers. Japanese equities rose, assisted by buybacks following a drop in the yen s value vs. the USD. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 8.48% 0.22% Developed % 8.56% 0.25% Emerging % 7.91% -0.04% Frontier % 8.59% 0.42% Europe % 7.38% 0.04% Latin America % 11.34% 1.55% Asia Pacific % 6.47% 1.19% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 6.31% 0.48% FTSE % 6.02% -1.42% CAC % 6.88% -0.15% DAX % 5.37% 1.00% Swiss SMI % 8.28% 0.28% Nikkei % 5.64% 6.48% CSI % 12.38% -0.57% 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 % 0.09% USD/JPY % -0.33% GBP/USD % 0.35% USD/CAD % 0.08% AUD/USD % 0.29% NZD/USD % 3.94% USD/CHF % 0.33% USD/NOK % 0.84% USD/SEK % 0.25% USD/CNY % -0.59% Major EUR Cross Rate EUR/GBP % -0.20% EUR/CHF % -0.26% EUR/JPY % -0.43% DISTANCE FROM 52 WEEKS LOW/HIGH The U.S. dollar fell, snapping its longest winning streak in two years, as investors put money in riskier assets on rising hopes of a breakthrough in U.S. China trade talks. The dollar was weaker against the euro and modestly lower against the Japanese yen. The Canadian dollar strengthened against its U.S. counterpart in the wake of higher oil prices and weakness in the latter. The British pound rose as Prime Minister Theresa May said the government would seek to speed up ratification of its Brexit withdrawal deal with the E.U. if time gets too tight. 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 U.S. Treasury yields rose after lawmakers reached a tentative pact to avert another government shutdown. Investors remain focused on U.S. consumer price index figures scheduled for release later today. The economic data will be the next indication of whether prices are rising, which could spur the U.S. central bank to resume raising rates. German government bond yields rose in tandem with their American counterparts. Spanish yields notably fell, dragging other periphery bond yields lower, as Spanish Prime Minister Sanchez was reported to be considering snap elections for mid-april. 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 4.09 (0.0900) EU vs US 10Y Spread (0.0391) EU vs US 10Y Spread (0.0220) EU vs US 2Y Spread (0.0601) EU vs US 2Y Spread (0.0142) EM vs Benchmark Spread (0.0140) EM vs Benchmark Spread (1.800) Source: Bloomberg, Financial Times, Economic times 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 prices settled higher after OPEC s monthly report showed a decline in production. Crude output by OPEC members dropped by 737,000 barrels per day to average million barrels per day in January, down from 31.6 million barrels per day in December. Gold prices rose as the U.S. dollar fell. Source: Bloomberg 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 BRIGHTHOUSE FINA BHF COTY INC-CL A COTY DR HORTON INC DHI IPG PHOTONICS IPGP UNDER ARMOUR-A UAA FLUOR CORP FLR LENNAR CORP-A LEN ELECTRONIC ARTS EA T ROWE PRICE GRP TROW MICRON TECH MU S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % MOLSON COORS-B TAP NEKTAR THERAPEUT NKTR TAKE-TWO INTERAC TTWO EVEREST RE GROUP RE GILEAD SCIENCES GILD FMC CORP FMC FIDELITY NATIONA FIS AMERICAN AIRLINE AAL HCP INC HCP VORNADO RLTY TST VNO S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY A group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and Federal Communications Commission on Tuesday to reject a proposed $26 billion merger of T-Mobile and Sprint. French bank Credit Agricole replaced three senior bankers at its investment and markets arms, shortly before reporting its fourth quarter earnings. Boeing delivered 46 aircraft in January, two more than a year earlier, as the world s biggest plane maker gears up for another year of record sales amid booming demand from the airline industry. Wells Fargo expects its net interest income, a key measure of bank profitability, to be up or down 2 percent for the year in 2019, depending on deposit pricing and loan growth according to CFO John Shrewsberry. Goldman Sachs Group Chief Executive Officer David Solomon said the bank aims to boost the number of mid-size corporate clients it serves over the next few years. Marlboro maker Altria said it would issue bonds in the United States to help fund its purchase of a stake in fast-growing e-cigarette company Juul, a day after announcing a similar move in the European bond market. Deutsche Post DHL is hiring workers to deal with new customs procedures expected to be imposed after March 29, when Britain is due to leave the European Union, hiring roughly 50 new workers a week. The news was revealed by Reuters citing John Pearson, chief executive of the DHL express subsidiary. 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 Australia Westpac Consumer Conf SA MoM % -4.70% 1:30 Brazil Retail Sales YoY 3.50% % 13:00 Brazil Retail Sales MoM -0.10% % 13:00 China Money Supply M2 YoY 8.20% % China New Yuan Loans CNY b b Japan PPI YoY 1.00% 0.60% 1.50% 1:50 Russia CPI WoW % 15:00 South Africa Retail Sales Constant YoY 2.50% % 13:00 South Africa Retail Sales MoM -2.70% % 13:00 South Korea Unemployment rate SA 3.80% 4.40% 3.80% 1:00 United Kingdom CPI YoY 1.90% % 11:30 United Kingdom CPI MoM -0.70% % 11:30 United Kingdom CPI Core YoY 1.90% % 11:30 United Kingdom PPI Output NSA MoM 0.00% % 11:30 United Kingdom PPI Output NSA YoY 2.20% % 11:30 United Kingdom RPI MoM -0.80% % 11:30 United Kingdom RPI YoY 2.60% % 11:30 United States CPI MoM 0.10% % 15:30 United States MBA Mortgage Applications % 14:00 United States CPI Ex Food and Energy MoM 0.20% % 15:30 United States Monthly Budget Statement -$11.0b -- -$204.9b 21:00 United States CPI YoY 1.50% % 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.