Thai share prices are expected to rise slightly as investors pin their hopes on an economic recovery after the new government announced a stimulus package, a dealer said Friday.
"Investors are still optimistic," said Pichai Lertsupongkit, senior vice president at Thanachart Securities. Thailand's new cabinet this week also approved a 40-billion-baht (1.3-billion-dollar) package of tax cuts and other measures to shore up the kingdom's flagging economy. For the week to March 7, the Stock Exchange of Thailand composite index fell 24.19 points or 2.86 percent to close at 821.57 on Friday.