Karachi: Waves Corporation Limited, a substantial shareholder of Waves Home Appliances Limited, has engaged in a series of significant share transactions, as disclosed in a report dated October 19, 2026. These transactions reflect active participation in the stock market, involving both buying and selling within a short span of time.
The transactions began on September 30, 2026, when Waves Corporation Limited sold 2.20 million shares at a rate of 7.28 per share in the ready market. This initial sale was followed by another on the same day, amounting to 2.44 million shares at the same rate. These sales reduced their cumulative shareholding to 89.56 million shares, with a cumulative percentage of 33.43%.
On October 1, 2026, the corporation shifted its strategy by purchasing 2.20 million shares in the Negotiated Deal Market (NDM) at a higher rate of 8.09 per share, increasing their cumulative holding to 92.00 million shares or 34.34%.
Subsequent transactions included a significant sell-off on October 5, 2026, of 5.70 million shares at a rate of 7.70 per share, reducing the cumulative holding to 83.86 million shares or 31.30%. However, they concurrently acquired 5.26 million shares in the NDM at 8.15 per share, raising their cumulative position to 89.12 million shares, representing 33.27%.
On October 6, 2026, the corporation further increased its holdings by purchasing 450,000 shares at a rate of 8.08 per share, resulting in a cumulative share count of 89.57 million or 33.44%.
The activity continued on October 7, 2026, with a sale of 450,000 shares at 8.00 per share, decreasing the cumulative holdings to 83.42 million or 31.14%. Despite this, an equivalent purchase of 450,000 shares in the NDM at 8.09 per share was executed, adjusting the cumulative total back to 83.87 million shares or 31.31%.
According to information available from the Pakistan Stock Exchange (PSX), these transactions by Waves Corporation Limited, a substantial shareholder of Waves Home Appliances Limited, represent a very large or significant movement in their shareholding position, reflecting dynamic trading activities within the designated market category.