PX Index

PX-50

After an initial boom encouraged by voucher privatization (the top was in February 1994 retroactively calculated on 1245 points) the index started to decline fast, and ended the year 1994 with 557 points. In 1995 the decline continued (influenced by the Mexican crisis, that discouraged foreign investors from emerging markets) and the index reached its first bottom on 29 June with 387 points. Then the index increased slowly and ended the year 1995 with 426 points. The slow increase continued in 1996 and the index reached its second top on 25 February 1997 with 629 points. In 1998, influenced by the 1998 Russian financial crisis, the index reached its historical bottom on 8 October with 316 points. In 1999 the index emerged back to 500 points. With the help of the dot-com bubble and starting banks privatization, the index reached its second top on 24 March 2000 with 691 points. With the end of dot-com bubble and the IPB Bank crisis, the index declined back to 500 points. In 2001, the index slightly decreased and after the September 11, 2001, attacks reached bottom on 17 September with 320 points. In 2002, the index slowly increased back to 500 points. In 2003 the index was rising and ended the year with 659 points. With the help of the Czech Republic European Union accession, the index continued rising in 2004. It reached 1000 points on 19 November and ended the year with 1032 points. The index continued rising in 2005 and ended the year with 1473 points.