Karachi: Waves Corporation Limited has announced a series of share transactions involving its Non-Executive Director, Nighat Haroon Khan, under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. The disclosure was made on April 1, 2026, detailing the activities of key personnel and their associates in the company’s shares.
According to the disclosure, Nighat Haroon Khan engaged in four separate transactions over two days in March 2026. On March 26, Khan executed both a purchase and sale of shares in the ready market. Initially, she acquired 2,700,000 shares at a rate of 9.92, which temporarily increased her cumulative holding to 19.47 million shares, representing a cumulative percentage of 6.91%. Subsequently, she sold the same number of shares at a rate of 9.79, reducing her holdings to 16.77 million shares, which corresponds to a cumulative percentage of 5.69%.
Following these transactions, Khan continued her trading activities on March 27 in the future market. She purchased 1,322,000 shares at a price of 9.63, boosting her cumulative holding to 18.10 million shares, which reflected a cumulative percentage of 6.43%. This was followed by another sale of the same number of shares at a slightly lower rate of 9.53, realigning her holdings back to 16.77 million shares, with a cumulative percentage of 5.69%.
According to information available from the Pakistan Stock Exchange (PSX), these activities are part of the routine disclosures required for significant stakeholders in listed companies. The transactions demonstrate a minor move in the market, as indicated by the minor fluctuations in the share percentages following each transaction.
Waves Corporation Limited is categorized under the designated market category, engaging in these transactions as part of its compliance with regulatory requirements. These disclosures are pivotal for maintaining transparency and accountability among stakeholders, ensuring that all significant trading activities by company insiders are publicly recorded and monitored.