Karachi: Waves Corporation Limited has disclosed a series of share transactions involving its executive directors, as per the requirements laid out under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The transactions, executed by Haroon Ahmad Khan and Nighat Ahmad Khan, reflect significant movements in the company's shares as reported on May 5 and May 22, 2025.

According to the disclosure, Haroon Ahmad Khan, the Executive Director, has engaged in multiple buy and sell operations. On May 5, 2025, he purchased 3.30 million shares at a rate of 7.60 per share in the futures market, subsequently selling the same quantity at a slightly lower rate of 7.50 in the ready market. The transactions concluded with a cumulative holding of 95.64 million shares, representing 33.98% of the company's total shares.

Further activities were recorded on May 22, 2025, where Haroon Ahmad Khan acquired 5.25 million shares at a rate of 7.92 per share in the Non-Deliverable Market (NDM), only to sell the equivalent amount at 7.70 per share. These transactions adjusted his cumulative shares to 100.89 million, equating to 35.85% of the company’s shares. Another round of transactions on May 29, 2025, saw him buying and selling 3.00 million shares at rates of 8.02 and 8.00, respectively, maintaining his cumulative shares at 95.64 million and a 33.98% shareholding.

Additionally, Executive Director Nighat Ahmad Khan conducted share transactions on May 5, 2025. She purchased 3.28 million shares at 7.63 per share in the NDM and sold the same quantity at 7.53 per share in the ready market. These activities left her with a total of 17.33 million shares, accounting for 6.61% of the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), these transactions fall under the "Future" and "Ready" market categories, with Haroon Ahmad Khan's activities predominantly in the futures and NDM, while Nighat Ahmad Khan engaged in the NDM and ready markets.

The transactions' cumulative impact on the directors' shareholding positions demonstrates a strategic approach to managing their stakes in Waves Corporation Limited. The detailed disclosure of these transactions provides transparency and compliance with PSX regulations, ensuring that stakeholders are informed of significant changes in shareholding by key company executives.