BUZZ-Bank Al Jazira heads for best day in six months after strong Q2 earnings

BJAZ
Tadawul All Shares Index

BJAZ

1020.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

** Saudi lender Bank Al Jazira's 1020.SE shares rise as much as 4.2% before trimming gains to trade up 3.5% at 12.15 riyals

** Stock is on track for biggest one-day gain in six months, if trends hold

** Company reports Q2 net profit of 442.8 mln riyals ($117.99 mln), up about 16% Y/Y

** Total operating income rises 10.4% Y/Y, driven by higher financing and investment income

** Analysts on average rate the stock "hold"; median PT 14 riyals - data compiled by LSEG

** Stock up 9% YTD



($1 = 3.7530 riyals)


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