UPDATE 3-Toronto stocks boosted by robust resources

Fri May 30, 2008 4:48pm EDT
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(Updates closing numbers, adds details)

*Index ends almost 1 percent higher

*Resource shares support rise as commodities prices climb

*Financials end higher after week of bank results

TORONTO, May 30 (Reuters) - The Toronto Stock Exchange's main index pushed almost 1 percent higher on Friday as it rode the strength of resource issues, which benefited from firm commodity prices.

Energy companies got a boost as crude finished a see-saw session higher. Canadian Natural Resources (CNQ.TO: Quote) gained C$1.99, or 2.1 percent, to C$97.24, while Imperial Oil (IMO.TO: Quote) rose C$1.05, or 1.9 percent, to C$57.75.

The oil and gas group added 1.4 percent overall, while the resource-laden materials sector pushed up 2.4 percent with help from an advance in precious metals prices.

Agnico-Eagle Mines (AEM.TO: Quote) climbed C$2.39, or 3.5 percent, to C$70.35, and fertilizer company Potash Corp of Saskatchewan (POT.TO: Quote) was up C$2.75, or 1.4 percent, at C$197.33.

The S&P/TSX composite index .GSPTSE closed 137.56 points, or 0.94 percent, to 14,714.73 with six of its 10 main sectors in an upswing. The benchmark had briefly surged more than 200 points in the late afternoon, before paring gains.   Continued...