With extreme care as allowing avast to extract an infected email from within a file is fraught with danger of corruption or loss of the .pst file.

I assume this detection was during an on-demand scan and not during on-access scan ?
Check the avast! Log Viewer (right click the avast icon), Warning section, this contains information on all avast detections. Hopefully it will give you enough information, perhaps email subject or infected attachment to do a search within Outlook. Even if you have to order emails by those with attachments you may be able to find it.

Once you find it manually delete it and then clear the deleted emails folder and then compact your email folders. Sorry I can’t be too much practical help here as I’m not an Outlook user.