Karachi: Waves Home Appliances Limited has disclosed a series of share transactions by its substantial shareholder, Waves Corporation Limited, as per the requirements of the Pakistan Stock Exchange (PSX) Regulation 5.6.4. These transactions, executed over a span of several weeks, involved significant buying and selling activities by the shareholder.

According to information available from the Pakistan Stock Exchange (PSX), Waves Corporation Limited initiated the series of transactions on April 18, 2025, with the sale of 613,500 shares at a rate of 9.85. This transaction left the substantial shareholder with a cumulative holding of 143.95 million shares, representing 53.73% of the company.

Subsequent transactions included the sale of 1.44 million shares on April 22, 2025, at a rate of 9.88, and a further sale of 1.50 million shares on April 23, 2025, at 9.82 per share. These sales reduced Waves Corporation Limited’s holding to 141.00 million shares, equivalent to 52.63% of the company.

On May 5, 2025, the substantial shareholder made a significant purchase of 6.63 million shares at a rate of 8.79, boosting its cumulative shareholding to 147.63 million, or 55.52% of the company. However, on the same day, another sale of 6.63 million shares at 8.68 brought the holding back to 141.00 million shares, maintaining the percentage holding at 52.63%.

These transactions were all conducted in the ready market and involved shares held in the Central Depository Company (CDC) form. The disclosure of this activity provides insight into the movements of substantial shareholders within the market category.