Karachi: Waves Corporation Limited has announced substantial share transactions involving one of its non-executive directors, as detailed in a report dated August 13, 2026. The transactions were carried out under the regulatory framework of the Pakistan Stock Exchange (PSX) Regulation 5.6.4, which mandates the disclosure of interest by relevant persons holding the company's shares.

The report reveals that Nighat Haroon Khan, a non-executive director of Waves Corporation Limited, executed two significant transactions within a span of a week. On August 7, 2026, Khan sold 4,700,000 shares through the Central Depository Company (CDC) in the ready market at a rate of 10.69 per share. This sale brought her cumulative shareholding to 15.07 million shares, representing 5.35% of the company's total shares.

Subsequently, on August 10, 2026, Khan purchased the same number of shares, 4,700,000, again via the CDC in the Negotiated Deal Market (NDM) at a slightly higher rate of 10.81 per share. This purchase increased her cumulative shareholding to 19.77 million shares, equating to 7.03% of the company's share capital.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a very large or significant move in terms of percentage change, as Khan's shareholding rose by 1.68% following these transactions. The designated market category for these transactions was CDC, with both ready and NDM transactions executed.

This development comes at a time when Waves Corporation Limited continues to navigate its market position, with the share transactions of its directors closely watched by investors and analysts alike. The actions of Khan, as a non-executive director, may have implications for the company's governance and shareholder dynamics.