Pakistan Stock Exchange Witnesses Fluctuations in Avanceon Ltd Trading

Karachi, The Pakistan Stock Exchange (PSE) saw varying trading results for Avanceon Ltd on Monday, with multiple categories of the company's shares changing hands at different prices throughout the trading day.

Avanceon Ltd's common shares (Code: AVN) opened at 60.6 and closed slightly higher at 61, after fluctuating between a low of 58.9 and a high of 59.03. A total of 4,118,362 shares were traded by the market's close.

In the derivatives category, Avanceon Ltd's April options (AVN-APR) traded from an opening of 60.8 down to a close of 60.99, peaking at 59.01 and dipping to a low of 58.77 throughout the day, with 1,380,000 options moving.

Further, April second-tier options (AVN-APRB) opened at 54.75 and closed at 55. These saw a high of 53.05 and a low of 52.76, with 1,462,000 traded.

For June, Avanceon Ltd's options (AVN-JUN) and second-tier June options (AVN-JUNB) were listed but had no trades recorded; these were marked at high points of 59.03 and 54.61 respectively.

May options (AVN-MAY) and their second-tier counterpart (AVN-MAYB) were also non-starters in trading terms, despite listing potential highs of 59.03 and 54.1. Only the latter saw some activity with 80,500 shares exchanged, closing at 55 after opening at 52.