The health of Thailand’s King Bhumibol Adulyadej, the world’s longest reigning monarch, has “overall not yet stabilized”.

The palace announced that the king was in an unstable condition after receiving haemodialysis treatment, reports the BBC.

King Bhumibol, 88, is widely revered, and a crowd of well-wishers have gathered outside Siriraj hospital.

Prime Minister Prayuth Chan-ocha cancelled an official engagement to meet the Crown Prince.

A palace statement late on Wednesday said the king’s “blood pressure lowered and breath quickened”.

It said his liver and kidneys were not working properly and he remained on a ventilator.

The unprecedented concern over his health has caused stocks and Thailand’s currency, the baht, to tumble.

The Stock Exchange of Thailand closed down 2.5 percent, lowest since the end of May.

A government spokesman urged people to rely on official announcements for updates on the situation, rather than on “uncorroborated information in social media circles”.

A day of rumor and speculation ended with a statement from the Royal Household Bureau.

Three days after it was first announced that the king was in what’s being called a “not stable” condition, came confirmation that he was not doing any better.

Outside the hospital hundreds of well-wishers, many of them dressed in pink for luck, prayed for King Bhumibol.

Having first acceded to the throne when his brother died in 1946 he has been a source of stability and unity for a much changed and still deeply divided nation.

During his seven decades on the throne the king, who is seen as a unifying force, has intervened when events threatened to plunge Thailand into crisis.

BDST: 0952 HRS, OCT 13, 2016
NJ/SR