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February 22, 2012 -- Updated June 30, 2011 11:36 HKT

Thai Stocks Rally Before Election

The Stock Exchange of Thailand main index went up 8.22 points or 0.80% to close at 1,041.48 points at the end of trading session on Thursday Afternoon. The trade value was 22.38 billion baht.

The Democrat Party will certainly win the July 3 election and have the legitimacy to form the next government, Abhisit Vejjajiva said on Thursday.

Mr Abhisit denied the claim by Pheu Thai that the Democrat-led government had turned areas of trade with neighbouring countries into battlefields.

In fact, judging from cross-border trade figures, trade with neighbouring countries had considerably increased.

There had been problems with Cambodia but the problems were caused by previous governments under the People Power and Pheu Thai parties, Mr Abhisit said.

It was now time for the people to make an important decision – vote for Pheu Thai to get a government which is friendly to Cambodian Prime Minister Hun Sen and lose some territory, or for the Democrat Party that will protect the country’s sovereignty.

Mr Abhisit called for all concerned to look forward to the election, saying there had been no conditions which could lead to a coup.

During the past two weeks of campaigning, the Democrat Party had won more support, partly from the June 23 rally at the Ratchaprasong intersection, he said.

He called for all to accept the people’s decision in the election and believed the Democrat Party would come first and form the next government.

Posted by on Jun 30th, 2011and filed underASEAN News, Asia, Economy, Emerging Markets, Hot Topic, Latest News, Thailand.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site

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