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BUENOS AIRES, Dec 26: Stock prices and liquidity are seen continuing to rise next year on the Buenos Aires stock exchange, riding the strong local economy and gains in Tenaris, a steelmaker linked to the oil industry.
The MerVal index of the top 13 stocks on the exchange has risen more than 33 per cent this year and is expected to end at near-record highs as economic growth topped 8 per cent for a fourth year in a row.
Tenaris, a Luxembourg-based company controlled by Argentina's Techint conglomerate, will continue to be the MerVal's strongest pillar next year, analysts said.—Reuters
