The PX-50 index gained 0.44% on Friday despite weakness across European markets. Cesky Telecom led the market higher, it up more than 2% on consistent foreign demand. Investors took profits in Unipetrol and it lost 3.5%. Philip Morris CR fell 0.4% on news that the government plans to raise excise taxes next year (more interesting was an erroneous trade involving Philip Morris CR’s shares in the continual trading system). Turnover in the SPAD system was a below average USD 9.15 mil. Today, we expect a quiet session as London is closed for a bank holiday.