Czech shares slump to lowest level since November 2006

Shares on the Prague Stock Exchange slumped to their lowest level in more than 13 months on Thursday, following further sell-offs by foreign investors. The blue-chip PX index fell by 0.55% to 1,561.5 points, its lowest value since November 2006. The loss in value of the shares has been attributed to the current financial situation in the US, and on global markets. The Czech bank Komerční banka sustained the biggest losses of the day, with shares shedding 6.03% to 3,645 CZK.