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;))