The market closed higher in-line with trading across EU markets. The volume traded was below the averages. CEZ was trying to break through the CZK 1,100 level, but did not get enough investors’ support. Only about 1,100 shares were traded. Management comments about positive Zentiva’s 2H07 outlook kicked the price up to CZK 1,270 when we saw some selling orders at these levels and the stock closed at CZK 1,255. JP Morgan increased its target price for Komercni banka by 12% to CZK 4,700 and it closed stronger by almost 2%. Komercni was traded above the CZK 4,000 during the day. CME increased by 0.7% and it is also nicely traded in US. Following the 2Q07 results Patria/KBC cut the CME’s fair value to USD 96.5 per share