Another dull trading, PSE closed down following the rest of the world. Activity on stock exchange was low with volume traded below the average. CEZ managed to resist selling from international accounts due to ongoing buy back program and finished slightly in positive territory. Telefonica (613 CZK, 0,57%) O2 CR was the most active listing as it trades without dividend rights of CZK 50 tomorrow. Unipetrol (290 CZK, 0,63%) closed by a notch stronger after upgrade to Buy from Hold by local broker. We saw profit taking on both banks, Komecni and Erste.