Bloomberg News

Komercni Banka Gains From Two-Month Low on Stock-Buyback Report

November 23, 2011

Nov. 23 (Bloomberg) -- Komercni Banka AS, the Czech unit of Societe Generale SA, rebounded from a two-month low after saying it bought 21,404 of its own shares from Nov. 18 to Nov. 22.

The stock climbed 2.3 percent to 3,065 koruna by 9:48 a.m. in Prague. That made Komercni the best performer in the Czech Republic’s PX equity index, which rose 0.1 percent.

--Editors: James Kraus, Alan Purkiss

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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