Karachi: Waves Home Appliances Limited has announced significant share transactions involving substantial shareholders and an executive director, executed under the Pakistan Stock Exchange (PSX) regulation 5.6.4. The transactions, dated July 1, 2026, were carried out by Waves Corporation Limited and Haroon Ahmad Khan, an executive director of the company.
On June 24, Waves Corporation Limited, identified as a substantial shareholder, sold 1 million shares at a rate of 8.90. Following this transaction, the cumulative number of shares stood at 118.18 million, equating to a 44.11% holding. Subsequently, on June 29, the shareholder acquired an identical number of shares, 1 million, at 8.70, slightly increasing their cumulative holding to 119.18 million shares, which represents 44.48% of the company’s shares.
Further transactions by Waves Corporation included a substantial sell-off and purchase on the same day, June 29. The company sold 14.70 million shares at a rate of 8.90, reducing the cumulative shareholding to 104.48 million, which is 38.99% of the company. These shares were then bought back at a slightly higher rate of 9.01, restoring the cumulative number of shares to 119.18 million and the percentage to 44.48%.
According to information available from the Pakistan Stock Exchange (PSX), these movements represent a very large or significant move, reflecting notable activity in the market category of consumer electronics.
Additionally, Haroon Ahmad Khan, an executive director, bought 1 million shares at a rate of 8.90 on June 24, raising his cumulative holdings to 1,008,977 shares or 0.37% of the company’s total shares. On June 29, he sold 1 million shares at 8.70, decreasing his holdings to 8,977 shares, which constitutes 0.30% of the company’s shares. These transactions represent a very large or significant move in the executive’s shareholding.
These transactions highlight strategic movements by key stakeholders within Waves Home Appliances Limited, reflecting both substantial buying and selling activities within a short span. The market’s response to these movements could signal shifts in the company’s stock valuation in the upcoming fiscal period.