Karachi: Waves Home Appliances Limited, a prominent player in the home appliance sector, has disclosed a series of transactions carried out by its substantial shareholders and directors in compliance with the Pakistan Stock Exchange’s (PSX) regulation 5.6.4. The transactions, executed between June and August of 2025, highlight significant share movements within the company.

On June 27, Waves Corporation Limited, classified as a substantial shareholder, sold 900,000 shares at a rate of 9.11, resulting in a cumulative holding of 137.00 million shares, representing 51.14% of the company’s total shares. This transaction was followed by another sale on July 9, where the corporation sold 2.00 million shares, adjusting its cumulative percentage to 50.39%.

Further activity was recorded on July 17, when Waves Corporation Limited executed another sale of 2.00 million shares at a rate of 9.58, reducing its holdings to 133.00 million shares or 49.64%. However, on July 29, the corporation made a significant buy transaction in the NDM market, acquiring 4.04 million shares at 9.52, which increased its shareholding back to 137.04 million shares or 51.15%.

On the same day, the corporation once again sold 4.24 million shares in the ready market, bringing its cumulative holdings down to 132.80 million shares, equating to 49.57%. According to information available from the Pakistan Stock Exchange (PSX), these transactions reflect a very large or significant move in the company’s shareholding pattern.

Additionally, Haroon Ahmad Khan, serving as the Executive Director, sold 2.80 million shares at 9.67 on August 29, leaving him with 7.51 million shares, representing 2.80% of the total shares. Later that day, he purchased 2.80 million shares in the NDM market at a rate of 9.78, increasing his holdings to 10.31 million shares or 3.84%.

A notable transaction was also executed by Nighat Haroon Khan, a Non-Executive Director, who sold 1.50 million shares at 9.47 on July 29, leaving her with a minimal holding of 26,703 shares, accounting for 0.01% of the company’s shares. This transaction is classified as a very large or significant move.

The transactions, conducted within a specified timeframe, will be reviewed by the company’s Board of Directors, as mandated by PSX regulations. The company is also tasked with updating the details in the UIN Management System promptly.