Karachi: Waves Home Appliances Limited announced a series of share transactions executed by its substantial shareholder, Waves Corporation Limited. The disclosure, dated March 10, 2025, was made under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, detailing the trading activities involving the company’s shares.

The transactions took place on February 28, 2025, involving both buying and selling activities. The substantial shareholder, Waves Corporation Limited, engaged in a series of trades that included non-disclosure market (NDM), ready market, and future market transactions.

The initial transaction involved the purchase of 1,400,000 shares at a rate of 11.46, increasing the cumulative shareholding to 145.95 million, representing a 54.48% stake. This was followed by a sale of the same number of shares at a slightly lower rate of 11.33, resulting in a reduced cumulative shareholding of 144.55 million shares, or 53.95%.

In the futures market, Waves Corporation Limited bought 3,000,000 shares at a rate of 11.49. This transaction raised its cumulative shareholding to 147.55 million shares, equating to a 55.07% ownership in the company. However, another futures market sale of 3,000,000 shares at a rate of 11.35 brought the cumulative shareholding back to 144.55 million shares, maintaining the ownership at 53.95%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect significant trading activity by the substantial shareholder, impacting the market dynamics and shareholding patterns of Waves Home Appliances Limited. The designated market category for these transactions was the Central Depository Company (CDC) market.