Karachi: Avanceon Limited, a company listed on the Pakistan Stock Exchange, has reported a significant transaction involving one of its directors. According to information received from the company, Tanveer Karamat, who serves as a director at Avanceon Limited, has sold a total of 60,000 shares at a price of 49.00 per share. This transaction was executed through the Central Depository Company (CDC) on June 16, 2025, and was submitted for disclosure on June 26, 2025.

The sale of these shares falls under the disclosure requirements set by the Pakistan Stock Exchange. These regulations mandate that directors, executives, and substantial shareholders of listed companies disclose their transactions to maintain transparency and uphold corporate governance standards.

According to information available from the Pakistan Stock Exchange (PSX), this transaction represents a Very large or significant move in terms of share movement. Avanceon Limited operates within the designated market category of technology and automation services. The disclosure of this transaction is a part of the company's commitment to following the Code of Corporate Governance as outlined by the PSX regulations.

With the sale of these shares, the market will be closely observing any potential impacts or strategic decisions that may follow from this significant transaction within the company.