The Thai stock market is tipped to hit the 700-point mark this week, but record world oil prices remain a significant negative factor, analysts said. "I am sure that the index could test the 700-point, maybe not early in the week but later, and could stay above that level until the end of the week," said Pichai Lertsupongkit, head of Prudent Siam Securities.
Oil prices hit 68 dollars a barrel in electronic trading on August 25, but fell back to remain above 67 dollars in Asian trading on Friday.
The Stock Exchange of Thailand (SET) composite index jumped 15.06 points or 2.21 percent in the past week to close Friday at 695.89.
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