Argentine stocks rise

Posted by 7Star Sunday, March 8, 2009

Argentinas MerVal stocks index rose 1.06 percent to 965.02 points on Friday as investors bought banking shares after recent losses and a rise in global oil prices pushed up index heavyweight Tenaris. Banco Patagonia rose 3.01 percent to 1.37 pesos and Tenaris, which makes steel pipes for the energy industry, climbed 2.59 percent to 29.75 pesos.

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