Karachi: Waves Corporation Limited, a prominent entity listed on the Pakistan Stock Exchange, has disclosed a series of substantial stock transactions executed by Haroon Ahmad Khan, the Executive Director of the company. These transactions were recorded on November 5, 2026.

According to the report dated November 10, 2026, Haroon Ahmad Khan executed multiple buy and sell orders on the same day, involving notable volumes of company shares. The transactions were part of a disclosure of interest by a director or executive, as mandated by the PSX regulations under clause 5.6.1.(d).

Initially, Mr. Khan acquired 2.30 million shares at a rate of 8.70 per share in the futures market. This purchase raised his cumulative shareholding to 86.65 million shares, representing 30.79% of the company's total shares. Subsequently, he sold an equivalent number of shares, 2.30 million, at a rate of 8.42 per share in the Negotiated Deal Market (NDM), adjusting his total holdings to 84.35 million shares, or 29.97%.

Later in the day, he engaged in additional transactions within the NDM, purchasing 1.40 million shares at 8.99 per share, and subsequently selling the same volume at 8.90 per share. These transactions resulted in a temporary increase in his shareholding to 85.75 million shares, or 30.47%, before settling back at 84.35 million shares, maintaining the cumulative percentage at 29.97%.

According to information available from the Pakistan Stock Exchange (PSX), these actions by Mr. Khan represent a very large or significant move, reflecting the executive's active engagement in managing his stake in the corporation. The transactions, executed through the Central Depository Company (CDC), highlight the dynamic nature of shareholding strategies employed by corporate executives in the market.