The PX-50 index gained 0.27% to 448.3 points on Friday. The gain was led by short covering in Komercni banka, which rose 2.5% to CZK 1,756. The stock was demanded by domestic retail accounts, and a number of foreign investors closed their short positions in the title. CEZ was also well traded, adding 0.6% on the day. Today, the market will likely open quietly, gauging European market reaction to the German election results. Total volume reached USD 25.49 mil.
Milan Prochazka