DAILY MARKETS BRIEF I LOCAL MARKETS

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1 DAILY MARKETS BRIEF I LOCAL MARKETS Last Daily % YTD % Dividend % MSCI Lebanon % -5.17% Development and Reconstruction Solidere A % % Solidere B % % Banking Audi Listed % -0.61% 10.93% BLC Listed % 0.00% BOB Listed % 0.00% Byblos Listed % -2.92% 10.55% BEMO Listed % -1.27% BLOM Listed % -0.54% 12.21% Trading RYMCO % 0.00% Industrial BEIRUT STOCK EXCHANGE Holcim % -1.29% Ciments Blancs % 7.84% MSCI LEBANON INDEX - 30 DAYS CHART LEBANESE USD SOVEREIGN CURVE The Saudi Stock Exchange ended higher after its benchmark Tadawul All Share Index surged, registering its highest level in 43 months. Gains were led by the banking, food & beverage and materials sectors while insurance and pharmaceuticals underperformed. Dubai Silicon Oasis, the free zone technology park, posted a 42.1 percent year-on-year increase in its profits for the full-year Net profits registered roughly $80 million last year, compared to $56 million in Revenues of the government-owned free trade zone in Dubai reached $157 million over the course of GCC EQUITY INDICES Last Price Daily % YTD % Bahrain % 6.65% Kuwait % 8.65% Oman % -3.96% Qatar % -3.35% KSA % 11.27% Dubai % 3.91% Abu Dhabi % 4.32% 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 % 11.30% 0.80% S&P % 13.88% 0.29% Nasdaq % 18.14% 0.36% Sectors Indices Discretionary % 15.59% -1.32% Staples % 9.71% 1.33% Energy % 17.42% -7.10% Financials % 9.39% 0.16% Healthcare % 6.74% -0.56% Industrials % 16.03% 0.96% IT % 21.08% 3.06% Materials % 10.80% 1.01% Com. Services % 15.65% 0.19% Utilities % 9.69% 1.23% Real Estate % 16.05% 3.00% S&P 500 INDEX - 30 DAYS CHART S&P 500 SUPPORT & RESISTANCE U.S. equities rose, supported by an Apple-led technology rally and somewhat reassuring economic data despite the Federal Reserve pointing to signs of softness in the U.S. economy. Initial claims for jobless benefits fell more than expected and mid-atlantic factory activity rebounded sharply. Financials were the only major S&P sector ending lower. European shares ended lower. Banks were notable underperformers suffering from their usual worries about low borrowing rates. British equities rose, as mining shares were supported by higher copper and metal prices. INTERNATIONAL MARKETS INDICES Last Price Daily % YTD % 10D Vol World % 12.68% -1.57% Developed % 12.95% -1.12% Emerging % 10.76% -3.78% Frontier % 10.52% -2.10% Europe % 12.56% -2.11% Latin America % 10.49% 2.91% Asia Pacific % 9.59% -4.30% INTERNATIONAL EQUITY INDICES Last Price Daily % YTD % 10D Vol EuroStoxx % 12.19% -1.23% FTSE % 9.32% -1.60% CAC % 13.70% -1.39% DAX % 9.39% -0.08% Swiss SMI % 12.16% -1.02% Nikkei % 8.06% 0.00% CSI % 26.88% % 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 % -0.02% - EUR/USD % 0.02% USD/JPY % -0.01% GBP/USD % -1.07% USD/CAD % -0.06% AUD/USD % -0.18% NZD/USD % -0.21% USD/CHF % -0.50% USD/NOK % -1.69% USD/SEK % 0.12% USD/CNY % -0.03% Major EUR Cross Rate EUR/GBP % -1.15% EUR/CHF % -0.77% EUR/JPY % 0.00% DISTANCE FROM 52 WEEKS LOW/HIGH The U.S. dollar rebounded against a basket of peers, recouping all its losses from the previous session as Brexit-related worries hurt the British pound and the euro, helping to take the focus off the dovish Federal Reserve. The British pound fell on growing fears of a "no-deal" Brexit should British lawmakers hold firm in their rejection of British Prime Minister Theresa May's EU divorce deal. The Swiss Franc was slightly lower against the U.S. dollar following the Swiss National Bank s decision to stick to its ultra-loose monetary policy for the foreseeable future. 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 The spread between the three-month Treasury bill yield and the 10-year note yield shrank to its narrowest level since August 2007 in the wake of the Federal Reserve s decision to cease tightening monetary. U.S. Treasury note yields across maturities were slightly higher while the previously mentioned upbeat economic data helped the rise in yields. Eurozone government yields fell, with Germany s 10-year bond yield falling towards zero percent dropping to its lowest since late British 10-year yields tumbled to their lowest since September 2017 as fears the U.K. would leave the E.U. without a deal rose again. 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 1.6 (0.0200) USD HY Spread 4.3 (0.0800) USD HY Spread 3.9 (0.0700) 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 (3.000) Source: Bloomberg, Financial Times, Economic times, Reuters 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 hovered near a four-month high as a rising dollar capped crude s rally, losses were modest. Oil may have seen some support from risk-on sentiment, with U.S. equities headed broadly higher. Gold prices settled at a one-week high yesterday, supported by a dovish Federal Reserve stance. The rising dollar limited gains. Source: Bloomberg, Reuters 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 CONAGRA BRANDS I CAG WESTERN DIGITAL WDC MICRON TECH MU ADV MICRO DEVICE AMD ELECTRONIC ARTS EA QORVO INC QRVO DARDEN RESTAURAN DRI SEAGATE TECHNOLO STX ALIGN TECHNOLOGY ALGN ARISTA NETWORKS ANET S&P 500 Stocks TOP 10 LOSERS Ticker Last Price Daily % BIOGEN INC BIIB MONSTER BEVERAGE MNST FIFTH THIRD BANC FITB KEYCORP KEY SVB FINANCIAL GR SIVB REGIONS FINANCIA RF MATTEL INC MAT CITIZENS FINANCI CFG HUNTINGTON BANC HBAN COMERICA INC CMA S&P 500 DISTRIBUTION S&P VOLATILITY INDEX LOSERS WINNERS LOW VOLATILITY HIGH VOLATILITY Uber Technologies and Pinterest, two of the highest profile internet companies planning to go public this year, have picked the New York Stock Exchange as the venue for their stock listings, Reuters reports. Goldman Sachs lowered its expectations of UK Prime Minister Theresa May s Brexit deal getting ratified, and hiked its estimate of the chances of a no-deal exit from the European Union. Tesla s vehicle deliveries scheduled across Europe, China and North America should be a primary priority for all employees during the last 10 days of the first quarter, Chief Executive Officer Elon Musk said in an to employees on Thursday. Nike reported quarterly revenue that failed to beat Wall Street estimates for the first time in over a year, as sales fell short of expectations in its biggest market of North America, sending its shares tumbling 5 percent on Thursday. Shares in Levi Strauss surged 31 percent in their debut, giving the jeans maker a market value of $8.7 billion. General Dynamics National Steel and Shipbuilding has been awarded a $465 million U.S. defense contract related to aircraft carrier maintenance and modernization, the Pentagon said. General Motors will announce on Friday plans to invest $300 million in a suburban Detroit plant that builds electric and self-driving vehicles for Chevrolet and the automaker s self-driving Cruise unit, Reuters reports. Facebook said it has resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees. Sources: Seeking Alpha, Financial Times, Reuters, Wall Street Journal, CNBC

7 DAILY MARKETS BRIEF I ECONOMIC DATA KEY ECONOMIC INDICATORS Country Event Surv (M) Actual Prior Time Canada CPI YoY 1.40% % 14:30 Canada CPI NSA MoM 0.60% % 14:30 Canada Retail Sales MoM 0.40% % 14:30 Canada Retail Sales Ex Auto MoM 0.10% % 14:30 Eurozone Markit Eurozone Manufacturing PMI :00 Eurozone Markit Eurozone Composite PMI :00 Eurozone Markit Eurozone Services PMI :00 France Markit France Manufacturing PMI :15 France Markit France Composite PMI :15 France Markit France Services PMI :15 Germany Markit/BME Germany Manufacturing PMI :30 Germany Markit Germany Services PMI :30 Germany Markit/BME Germany Composite PMI :30 Japan Nikkei Japan PMI Mfg :30 Japan Natl CPI YoY 0.30% 0.20% 0.20% 1:30 Russia Key Rate 7.75% % 12:30 United States Markit US Manufacturing PMI :45 United States Existing Home Sales 5.10m m 16:00 United States Wholesale Inventories MoM 0.10% % 16:00 United States Monthly Budget Statement -$227.0b -- -$215.2b 20:00 United States Baker Hughes U.S. Rig Count :00 United States Markit US Services PMI :45 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.