Karachi: Waves Corporation Limited, a key player in the consumer electronics industry, disclosed significant share transactions executed by an executive director of the company. The disclosure aligns with the requirements set forth by the Pakistan Stock Exchange (PSX) under section 5.6.4 of its regulations.

On April 20, 2025, Haroon Ahmad Khan, an Executive Director at Waves Corporation Limited, engaged in two notable transactions involving the company's shares. According to the company's announcement, Khan initially purchased 2,600,000 shares at a rate of 8.15 per share. This acquisition increased his cumulative shareholding to 98,240,286 shares, representing a 34.91 percent stake in the company.

Subsequently, on the same day, Khan sold an equivalent number of shares, totaling 2,600,000, at a rate of 7.95 per share. This sale led to a reduction in his cumulative shares to 95,640,286, accounting for a 33.99 percent stake in the company.

According to information available from the Pakistan Stock Exchange (PSX), these transactions were executed through the Central Depository Company (CDC) under the Non-Deliverable Market (NDM) category. The disclosure of such transactions is a regulatory requirement aimed at maintaining transparency in the dealings of listed company executives and substantial shareholders.