KARACHI, Jan 15: The bulls on Wednesday led the KSE 100-share index to a new high at 2,950.29 points, up by 100.22 points or 3.52 per cent, on rumours of some more tax exemptions for those foreign investors who invest in local shares.

The market capitalization rose by about Rs20 billion to a record high of Rs645 billion. The volume soared to 591 million shares from the previous 389m shares as the advancing shares extended their lead over the losing ones at 261 to 43.