Cairo – Mubasher: Al Tawfeek for Financial Lease’s (AT Lease) stock jumped by 12.21% during the first minutes of Thursday’s trading session.

By 10:05 am Cairo time, the stock rose to EGP 8 at a turnover of EGP 14.7 million.

On Tuesday, the Egyptian Exchange (EGX) announced that AT Lease’s initial public offering (IPO) has been completed at a value of EGP 126.7 million.

The EGX said that the IPO has been oversubscribed 40.16 times.