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Thai Stocks Rise: KBANK-GULF Lead Gains, SET Index at 1,440.56

Thai Stocks Rise: KBANK-GULF Lead Gains, SET Index at 1,440.56

Thansettakij•Economy•1d ago

Reader Briefing

Thai stock market opens higher, driven by KBANK and GULF amidst news of GULF's acquisition of KBANK shares.

  • •The Thai stock market (SET Index) opened the morning session on February 16, 2026, with a gain of 10.15 points.
  • •KBANK and GULF stocks are leading the market's upward movement.
  • •The rise is attributed to news of GULF acquiring KBANK shares, increasing GULF's stake to over 10%.

Overview

  • •On February 16, 2026, the SET Index opened at 1,440.56 points, an increase of 10.15 points.
  • •The trading value reached 15,057.34 million baht by 10:26 AM.
  • •GULF's purchase of KBANK shares is the primary reason for KBANK and GULF's stock price increases.
  • •GULF acquired KBANK shares on February 12, 2026.
  • •GULF submitted Form 246-2 (Report of Acquisition or Disposal of Securities) to the SEC on February 13, 2026.
  • •The submission was in compliance with the Capital Market Supervisory Board's Notification No. TorJor 28/2011 regarding securities reporting.
  • •The stake calculation excludes treasury shares held by KBANK as of the end of January 2026.
  • •The acquisition does not result in GULF holding more than 10% of KBANK's issued shares, adhering to Bank of Thailand's Notification No. 41/2025, thus not requiring prior approval.

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Key Entities

Organization

SET Indexℹ️
The benchmark index for the Stock Exchange of Thailand.
KBANKℹ️
Kasikornbank Public Company Limited, a financial institution whose shares were involved in a recent acquisition.
GULFℹ️
Gulf Energy Development Public Company Limited, an entity that acquired shares in KBANK.
SEC(สำนักงาน ก.ล.ต.)ℹ️
The Securities and Exchange Commission of Thailand, the regulatory body where GULF submitted required disclosures.
Bank of Thailand (BOT)(ธนาคารแห่งประเทศไทย (ธปท.))ℹ️
The central bank of Thailand, whose regulations govern the acquisition of shares in financial institutions.

Law

Capital Market Supervisory Board's Notification No. TorJor 28/2011(ประกาศคณะกรรมการกำกับตลาดทุนที่ ทจ. 28/2011)
A regulation that mandates reporting requirements for the acquisition or disposal of securities.
Bank of Thailand's Notification No. 41/2025(ประกาศธนาคารแห่งประเทศไทย ที่ 41/2025)
A regulation that outlines criteria for holding shares in financial institutions or their holding companies exceeding 10%.
Treasury Stockℹ️
Refers to shares repurchased by a company, which are excluded from the calculation of voting rights in this context.