Prague Stock Exchange (PSE) 2025: Key Facts & Market Overview
Discover the history, significance, and current role of the Prague Stock Exchange in the Czech Republic's economy. Learn about its top-listed companies and market insights for 2025.
What Is the Prague Stock Exchange (PSE)?
The Prague Stock Exchange (PSE) stands as the Czech Republic's oldest and most influential securities market. Situated in Prague, it was reestablished in 1993 after being inactive for nearly five decades due to World War II and the communist regime's control from 1948 onward.
Key Highlights
- PSE is the primary Czech stock exchange, listing over 1,000 publicly traded shares.
- Originally founded in 1871 as a commodities exchange, it transitioned over time to focus on stock trading.
- Closed in 1948 post-World War II, it resumed operations in 1993 following the fall of communism.
Historical and Operational Overview
Established during the Austro-Hungarian Empire era in 1871, the Prague Stock Exchange initially specialized in sugar and related commodities trading, reflecting Prague's significance in that sector. By World War I, it had evolved into a dedicated stock trading venue.
Following the collapse of communist regimes and the Berlin Wall's fall, Prague embraced financial capitalism. The PSE reopened on April 6, 1993, playing a crucial role in privatizing over 1,000 formerly state-owned enterprises.
Currently, PSE lists many of the Czech Republic’s leading companies, including automotive giant Škoda Auto, with nearly $20 billion in annual revenue, as well as major firms like Unipetrol and CEZ Group. The PX index tracks the overall market performance. Prestigious financial institutions such as Société Générale are active members of the exchange.
PSE's Role in the Modern Czech Economy
The Prague Stock Exchange remains vital for financing capital-intensive sectors like automotive manufacturing, pharmaceuticals, steel production, and high-tech engineering. It provides a platform for Czech companies to attract investment and fuel growth.
Owned predominantly (93%) by the CEE Stock Exchange Group, which also controls the Vienna Stock Exchange, PSE operates with independent management despite shared ownership. Trading is conducted in Czech koruna (CZK), although the Czech Republic’s EU membership means euro adoption is a future possibility.
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