The Prague’s market closed flat in a thin trading. Volume touched CZK 1b. CEZ accounts for half of total trading, benefiting from series of recent broker notes. Philip Morris CR declines ahead of semi-annual report, weakness accelerated by recent comments on faster excise tax hikes implementations. Regional bourses traded in a similar patterns, we see some good news flows in real estate sector with Engel (AIM listing) posted strong set of numbers ahead of tomorrow’s open. Orco reports on August 31st.