ArabFinance: The Egyptian Exchange (EGX) announced the implementation of block-trading transaction on some stocks within the framework of the horizontal demerger of Pioneers Holding (PIOH).

Electro Cable Egypt (ELEC) has witnessed a block-trading transaction valued at EGP 533.87 million on the EGX, implemented on 930.094 million issued shares.

Giza General Contracting and Real Estate Investment Company (GGCC) has seen a block-trading worth EGP 440.553 million on the EGX, carried out on 874.11 million shares.

Moreover, a block-trading transaction valued at EGP 1.085 billion has been implemented on 68.822 shares of Cairo Housing and Development Company (ELKA).

A block-trading transaction has been also executed on 91.698 million shares of United Company for Housing and Development (UNIT) at a value of EGP 433.735 million.

Meanwhile, Arab Dairy Products Co. Arab Dairy’s (Panda) (ADPC) has seen a block-trading transaction on 63.821 million of its shares at a value of EGP 735.864 million.

El Saeed Contracting and Real Estate Investment Company (SCCD) (UEGC) has also witnessed a block-trading transaction worth EGP 106.301 million on 126.248 million of its shares.

Additionally, a block-trading transaction has been executed on 352.149 million shares of Universal for Paper and Packaging Materials (Unipack) (UNIP) at a total value of EGP 242.279 million.

Pioneers Holding is an Egypt-based company that operates in the financial services sector, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.