Karachi: Waves Corporation Limited, a significant shareholder in Waves Home Appliances Limited, executed a series of notable share transactions recently, according to official disclosures. The activities, which took place in late June and early July, involved both purchases and sales, highlighting a dynamic period for the company's stock.

On June 25, Waves Corporation Limited sold 1.10 million shares at a rate of 9.06 per share in a ready market transaction. This transaction adjusted the cumulative shareholding to 139.90 million shares, representing 52.22% of the company. The same day, a separate transaction was executed in the NDM market, in which the corporation purchased 3.69 million shares at a rate of 9.11 per share. This purchase increased the cumulative shareholding to 143.59 million shares, accounting for 53.60% of the company.

According to information available from the Pakistan Stock Exchange (PSX), another transaction occurred on June 25. Waves Corporation Limited sold 3.69 million shares at a rate of 9.01 per share via a ready market transaction. This sale reduced the cumulative shareholding back to 139.90 million shares, reflecting 52.22% of the company.

On July 3, the corporation engaged in an additional sale of 2.00 million shares at a rate of 10.01 per share, further decreasing the cumulative shareholding to 137.90 million shares, which now represents 51.47% of the company.

These transactions indicate significant moves in the shareholding structure of Waves Home Appliances Limited, with adjustments reflecting strategic decisions by the substantial shareholder. The designated market category for these transactions includes both ready and NDM markets, with the latter allowing for negotiated deals.