TSX rises 0.31 percent, lifted by Enbridge

FILE PICTURE: A sign displays TSX information in Toronto March 23, 2009. REUTERS/Mark Blinch

NEW YORK (Reuters) - - The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 48.69 points, or 0.31 percent, to 15,959.50.

- The biggest contributor to the TSX gain was Enbridge ENB.TO, up 1.9 percent, to add 9.45 net index points after the pipeline company posted quarterly results and said it may sell more assets this year. Materials .GSPTTMT was the top sector contributor with a 15 net points boost.

- Leading the index were Great Canadian Gaming Corp GC.TO, up 26.7 percent, Pan American Silver Corp PAAS.TO, up 9.9 percent, and Stars Group Inc TSGI.TO, higher by 9.5 percent.

- Lagging shares were Cascades Inc CAS.TO, down 7.6 percent, Paramount Resources LtdPOU.TO, down 7.4 percent, and Open Text Corp OTEX.TO, lower by 6.3 percent.

- On the TSX, 144 issues advanced and 100 declined as a 1.4-to-1 ratio favored advancers. There were 17 new highs and 4 new lows, with total volume of 224.5 million shares.

- The most heavily traded shares by volume were Canadian Natural Resources Ltd CNQ.TO, Baytex Energy Corp BTE.TO and Enbridge Inc ENB.TO.

- The TSX's energy group .SPTTEN rose 0.01 points, or 0.00 percent, while the financials sector .SPTTFS climbed 0.75 points, or 0.25 percent.

- West Texas Intermediate crude futures CLc1 rose 0.35 percent, or $0.25, to $71.39 a barrel. Brent crude LCOc1  rose 0.27 percent, or $0.21, to $77.42 [O/R]

- The TSX is off 1.5 percent for the year.

Reporting by Chuck Mikolajczak