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Colombian stocks rose Monday, tracking strong gains in the U.S. stock market, while the peso strengthened against the dollar.
The Colcap index, a benchmark for Colombia’s blue-chip stocks, climbed 1.16% to end the session at 1602.25 points. The index is down 12.14% so far this year.
Pacific Rubiales Energy, a Toronto oil company and the largest private crude producer in Colombia, surged 4.36% to COP42,160 ($21.79). Ecopetrol SA, Colombia’s state-run oil company, rose 1.03% to COP3,925.
The peso, meanwhile, closed at COP1,913.00 to the dollar from COP1,936.9 on Friday. The yield on Colombia’s peso-denominated bond due July 2024 closed at 7.450%, after opening the session at 7.530%.
