** Shares of Arab National Bank 1080.SE rise 2.9% to 21.43 riyals

** Stock heads for its biggest one-day rise since January, if gains hold

** Stock tops Saudi benchmark index .TASI, which is up 0.1% in early trade

** The bank reports Q2 net profit of 1.42 bln riyals ($378.13 mln), up 6.5% year-on-year, with total operating income also rising 6.5%

** The board announces a first-half dividend of 0.65 riyals per share

** Of nine analysts covering the stock, five rate it "buy", two "hold", and two "sell", with a median price target of 24.4 riyals, according to data compiled by LSEG

** Stock down ~1% so far this year

($1 = 3.7553 riyals)