Net profits of listed companies on the Stock Exchange of Thailand (SET) surged 9.7% year-on-year to THB519bn in the first half of 2024, driven by a 6.3% sales increase to THB8.96tr, buoyed by a robust tourism recovery and rising oil prices. SET President Pakorn Peetathawatchai attributed the growth to the positive impact of tourism across service and consumer goods sectors, and favourable conditions in oil-related industries. Of the 856 listed companies, 95% have submitted second-quarter results, with 77% reporting profits. The average debt-to-equity ratio remained stable at 1.51 times. The Market for Alternative Investment (MAI) saw a 7.7% sales rise, with net profits jumping 80.5% to THB6.1bn. The SET plans to introduce measures to reduce stock price volatility starting next month.