Pioneers Holding sees block-trading deal

The transaction involved the trading of 70.32mln shares

  
A trader works at the Egyptian stock exchange in Cairo, Egypt September 20, 2018.

A trader works at the Egyptian stock exchange in Cairo, Egypt September 20, 2018.

REUTERS/Mohamed Abd El Ghany
Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of a block-trading deal on the shares of Pioneers Holding Company for Financial Investment.

The transaction involved the trading of 70.32 million shares for a total value of EGP 351.62 million, the EGX said in a statement on Sunday.

During the first quarter (Q1) of 2021, Pioneers Holding Company recorded net profits of EGP 299.66 million, compared to EGP 271.27 million in Q1-20, including minority shareholders' rights.

Source: Mubasher

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