Cairo – Mubasher: The shares of Arabian Rocks Plastic Industries surged 3.3% to EGP 31 piasters at its first trading day on the Egyptian Exchange.

The company’s stock witnessed 164,000 changed hands worth EGP 51,000.

The Egyptian Exchange has finished of executing the IPO off Arabian Rocks Plastic Industries, where the company offered 20 million stocks for EGP 0.30 per share at Nile Stock Exchange.

Arabian Rocks Plastic Industries has floated 20% stake that is equivalent to six million shares on Egypt’s bourse.