Argentina is close to an MSCI upgrade that could draw about $1bn into its stocks, but lingering capital controls may keep the country waiting again.

Argentina's Merval gained 0.89% to about 3.11 million on Monday, rising while the rest of Latin America fell, kept decoupled by a steady peso and the reform story.

Argentina is close to an MSCI upgrade that could draw about $1bn into its stocks, but lingering capital controls may keep the country waiting again.