Karachi: Waves Corporation Limited, the company formerly known as Waves Singer Pakistan Limited, has witnessed significant share transactions involving its key executives. These transactions were disclosed under the Pakistan Stock Exchange's Regulation 5.6.4, highlighting the activity of directors and substantial shareholders within the company.
On May 29, 2025, Nighat Haroon Khan, a non-executive director at Waves Corporation, executed notable transactions in the company's shares. Initially, Khan purchased 4.30 million shares through the Negotiated Deal Market (NDM) at a price of 7.63, raising her cumulative shareholding to 21.63 million shares, or 7.68 percent of the company's shares. Subsequently, she sold an equal number of 4.30 million shares through the Ready Market at a slightly lower rate of 7.54, reducing her stake to 17.33 million shares, representing 6.61 percent.
A similar pattern of transactions was observed on June 25, 2025, when Nighat Haroon Khan again purchased 4.26 million shares via NDM at a rate of 7.84, increasing her total to 21.59 million shares, or 7.67 percent. Later that day, she sold the same number of shares through the Ready Market at 7.74, maintaining her shareholding at 17.33 million shares, equal to 6.61 percent.
Haroon Ahmad Khan, an executive director at Waves Corporation, was also active in the market on June 25, 2025. He acquired 3.12 million shares through NDM at a rate of 7.71, bringing his cumulative holdings to 98.76 million shares, which accounts for 35.10 percent of the company's total shares. This was followed by a sale of the same number of shares via the Ready Market at 7.61, reducing his ownership to 95.64 million shares, or 33.98 percent.
According to information available from the Pakistan Stock Exchange (PSX), these transactions by the executives of Waves Corporation Limited represent a very large or significant move, reflecting an active engagement in the company's share market. The transactions provide insight into the decision-making and strategic interests of the company's leadership, as they navigate the market conditions and corporate objectives.
These moves by the company's directors and executives are closely observed by market analysts and stakeholders, as they can indicate strategic shifts or confidence levels in the company's future performance within the designated market category of consumer electronics.