Colombian markets picked up early Monday as European policymakers and the International Monetary Fund pledged €750 billion ($963.28 billion) in aid for heavily indebted countries, reports The Wall Street Journal.
European efforts to restore investor confidence in the euro contributed to the 1.9% rise of the Colombian IGBC index to 12236.71 points at 11:15 AM EDT, while the Colcap index, which includes the largest companies by market capitalization, rose 2.1% to 1441.76 points.
Colombian stocks fell Friday in response to economic concerns in Europe.
The peso has appreciated to 1987.25 pesos to the dollar from 2,023.1 on Friday.