Lahore: The Waves Corporation, formerly known as Waves Singer Pakistan Limited, has disclosed several recent share transactions by non-executive director Nighat Haroon Khan, as required under PSX regulation 5.6.4. These transactions, detailed in a notice to the Pakistan Stock Exchange, occurred between September 4, 2024, and October 1, 2024.

Nighat Haroon Khan engaged in both buying and selling shares of the company. On September 4, 2024, she sold 107,500 shares at a rate of 6.64, followed by another sale of 1,075,000 shares at 6.75 on the same day. These sales affected a cumulative percentage of 5.35% of the company's shares. On the same date, she purchased 200 shares at 6.65, followed by significant transactions in October where she bought 4,000,000 shares at rates ranging from 6.15 to 6.35. These purchases corresponded to an increase in her cumulative shareholding percentage to 5.73%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions are part of regular financial activities by board members and are disclosed to ensure transparency and compliance with market regulations. The company has followed all necessary procedural steps, ensuring that all transactions over 500,000 shares are reported to PSX within two working days, adhering to the required financial disclosure norms.

These movements in shareholding are significant as they reflect ongoing adjustments within the upper echelons of Waves Corporation's management and potentially indicate shifts in strategic interests among the company's key personnel.