Shares in CI Capital's Taaleem rise 6.8% on first day of trading - Refinitiv data

Taaleem's IPO was covered 29.38 times

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany

CAIRO- Shares in higher education management firm Taaleem Management Services rose around 6.8% to close at 6.1 Egyptian pounds ($0.3895) in their first day of trading on the Egyptian stock exchange, Refinitiv data showed.

The company, owned by Egyptian investment bank CI Capital, was listed earlier in April, ending a 15 month-long hiatus in new initial public offerings on the Egyptian exchange.

Taaleem's IPO was covered 29.38 times.

($1 = 15.6600 Egyptian pounds)

(Reporting by Ehab Farouk and Nadine Awadalla; Editing by Jan Harvey) ((Nadine.Awadalla@thomsonreuters.com;))

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