Waves Corporation Limited Sees Significant Share Movements by Key Directors

Karachi: Recent disclosures from Waves Corporation Limited have highlighted notable transactions involving key figures within the company. The transactions, executed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4, are dated June 17, 2026, and involve both the buying and selling of shares by the company's directors.

Nighat Haroon Khan, serving as a Non-Executive Director, engaged in multiple transactions on June 3, 2026. She acquired 4.80 million shares at a rate of 10.17 under the Non-Deliverable Market (NDM) form, raising her cumulative shareholding to 24.57 million shares, representing an 8.72% stake. On the same day, she sold 4.80 million shares at 9.94 in the Ready market, reducing her holding to 19.77 million shares with a 7.03% stake. Additionally, Khan bought 0.90 million shares in the Future market at 10.09, increasing her holdings to 20.66 million shares, or 7.34%.

In a separate transaction on June 12, 2026, Nighat Haroon Khan purchased 1 million shares at a rate of 11.36, increasing her cumulative holding to 20.77 million shares, representing a 7.38% stake. However, on June 15, 2026, she sold 1 million shares at 11.46, reducing her holding back to 19.77 million shares and a 7.03% stake.

Haroon Ahmad Khan, the Executive Director, was also active in the share market. On June 3, 2026, he acquired 2.30 million shares in the Future market at a rate of 10.07, raising his cumulative total to 94.50 million shares, representing a 33.58% stake. Later that day, he sold 2.30 million shares at 9.98 in the Ready market, reducing his holdings to 92.20 million shares, or 32.76%.

Further transactions by Haroon Ahmad Khan on June 12, 2026, involved selling 1 million shares at a rate of 11.36, decreasing his holding to 91.20 million shares, with a 32.41% stake. On June 15, 2026, he purchased another 1 million shares at 11.46, increasing his total holdings to 92.20 million shares, or 32.76%.

According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a strategic shift in shareholdings by the company's leadership. The movements in share percentages demonstrate significant activity by both Nighat and Haroon Khan, highlighting their influential roles within Waves Corporation Limited.

The designated market category for these transactions includes Non-Deliverable Market (NDM), Ready, and Future markets, indicating varied strategies applied by the directors in managing their stakes in the company.