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Al-Rajhi Bank was upgraded to buy by Goldman Sachs Group Inc. on Aug. 8 .Deutsche Bank AG and Dubai-based Arqaam Capital have Al-Rajhi as one of their "top picks" among Saudi stocks.A comparison of valuations against the broader Saudi benchmark, as calculated by estimated 12-months earnings per share, suggests Al-Rajhi is trading at the biggest discount to the overall market since 2015 . Al-Rajhi is up 3.9 percent this month, compared with a gain of 1.9 percent for the Tadawul All Share Index and a 3.2 percent advance for a gauge tracking local lenders.
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