Prague Stock Exchange enjoys best July on record

The Prague Stock Exchange reported its best July on record, with Czech shares up 18.66% to 1065.8 points according to the exchange’s primary index, the PX. According to experts, the speedy rise can be put down primarily to investors taking advantage of a jittery and pessimistic mood on the markets. The strongest growth in July could be seen in shares of the coal mining company New World Resources, up 31.9%. The largest company on the market, the ČEZ Group, was up 15.9% to 966 crowns.