Lahore: Waves Home Appliances Limited disclosed a series of share transactions executed by a substantial shareholder, Waves Corporation Limited, in compliance with Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, involving both buying and selling of shares, occurred between October 31, 2024, and February 4, 2025.

On October 31, 2024, Waves Corporation Limited purchased 10,000,000 shares at a rate of 6.02 per share, increasing their cumulative shareholding to 168.78 million shares, representing 63.00% of the company's total shares.

Subsequently, on the same day, the corporation sold 10,000,000 shares at a rate of 5.80 per share, reducing its cumulative holdings to 158.78 million shares, which accounted for 59.27% of the company.

On January 8, 2025, the company executed another sale of 613,800 shares at 10.74 per share, further reducing its holdings to 144.95 million shares, or 54.10% of the total. The following day, January 9, 2025, an additional 401,500 shares were sold at 11.01 per share, bringing the total down to 144.55 million shares, or 53.95%.

On February 4, 2025, Waves Corporation Limited bought 1,212,000 shares at 12.04 per share and 3,001,000 shares at 12.02 per share, increasing their cumulative holdings to 148.76 million shares, representing 55.53% of the company's shares. However, the same day, they sold 4,213,000 shares at 11.87 per share, decreasing their total holdings back to 144.55 million shares, or 53.95%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect the strategic decisions by the substantial shareholder, Waves Corporation Limited, potentially influencing the company's market position within the consumer durables sector.