* TSX rises 0.87 percent to 10,304.42, up for 4th day
* Materials rise 1.4 pct, supported by takeover talk (Adds closing figures, quotes)
By Ka Yan Ng
TORONTO, July 16 (Reuters) - Toronto’s main stock index finished higher for a fourth-straight session on Thursday, as firmer commodity prices boosted the heavyweight resource sectors.
Takeover talk in the potash patch and rising gold prices encouraged strength in the materials group, which rose 1.4 percent, spurring gains in Canadian fertilizer stocks.
Meanwhile, a number of other companies have been scouting for potash assets, and earlier on Thursday Canada’s Athabasca Potash Inc API.TO said it is exploring a possible sale of all or part of the company. [ID:nBNG199332]
The S&P/TSX composite index .GSPTSE closed up 88.96 points, or 0.87 percent, at 10,304.42. Nine of the TSX’s 10 main groups were higher, including the energy group, which rose 0.89 percent. (Reporting by Ka Yan Ng; editing by Peter Galloway)