Toronto stock index rises 2 percent, energy leads

Fri Oct 17, 2008 11:03am EDT
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TORONTO Oct 17 (Reuters) - The Toronto Stock Exchange's main index rose more than 2 percent on Friday at midmorning, led by energy issues as the price of oil recovered from 16-month lows.

The S&P/TSX composite index .GSPTSE jumped 200.31 points to 9,470.28, rising more than 2 percent after an early 200-point drop. All but one of the index's 10 main sectors were in positive territory. ($1=$1.19 Canadian) (Reporting by Ka Yan Ng)