Czech equities, as measured by the PX Index, were up by 1.3% for the week, to close at 1,816.3. The overall volume of trading on the PSE reached USD 849.9m, 12.7% below its 12M weekly average of USD 973.0m. The past week had only four working days due to the public holiday. The best performing stock and also the most actively traded stock with almost the half of the total volume was CEZ. The company's shares strengthened by 5.6% on the week and broke through the magic CZK 1,200 level and reached an all-time-high on the basis of its continuing share-buy-back program and investors’ interest. Komercni banka added almost 5% and also got to its record price. KB was supported by rumors that Warren Buffet was buying a stake in Bear Stearns and by the DRKW upgrade of the EU's banking sector. The last listing finishing in positive territory was Unipetrol, which increased by 1.9%. Telefonica O2 CR lost 1.6% on no bids. Erste Bank was the biggest laggard losing 2.1%. The rest of the market declined in a range of from -0.7% to -1.7%. At its regular monetary meeting the board of the CNB left interest rates unchanged at 3.25%. This week Orco holds its EGM and AGM with a change of headquarters and a share-buy-back program on the agenda. No other major corporate catalysts are expected.