COLCAP Edges Up 0.12% as Colombia's Post-Election Rally Cools
Airfind news item
By Sofia Gabriela Martinez
Published on March 12, 2026.
Colombia's stock market closed at 2,275.37, edging up just 0.12% amid concerns over rising oil prices driven by the Iran conflict. The peso continued to strengthen following the legislative elections, with the TRM falling to COP $3,710.50. However, Brent crude surged past $91 as the Strait of Hormuz crisis intensified. The IEA announced a record 400-million-barrel strategic reserve release, yet Brent settled at $91.98 (+4.76%) as tanker attacks near Iran continued. The initial euphoria over Paloma Valencia's victory in the Gran Consulta por Colombia and the perception of a more balanced Congress has already begun to fade as investors focus on external headwinds. The political landscape now features Pacto Histórico holding 25 Senate seats (up from 20), Centro Democrático at 17, followed by the Partido Liberal with 13 and the Alianza por Colombia. The current policy rate stands at 1025%.
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