The market closed higher after very volatile trading, when Czech National Bank (CNB) raised interest rates by 25bps to 3.25%. This step was unexpected by the market. Komercni banka set its new high of CZK 4,309 supported by foreign buyers. CEZ added more than 2% benefiting from continuing share-buy-back and previous large seller has not appeared at the market. (1 183 CZK, -1,09%) was traded at day’s low of CZK 1,170 where it got some support and closed higher. (1 433 CZK, -1,71%) was under selling pressure and traded in-line with Vienna. (9 722 CZK, -4,28%) erased almost 4% on very low volume. It is expected that (2 950 CZK, 0,99%) releases its 2Q07 results today around 17:30CET.