Karachi: The Pakistan Stock Exchange ended gap down for the second session on Tuesday after hitting all-time high last week. Investors preferred profit taking at high index levels. Asian stock markets fell in subdued trading Tuesday amid rising expectations that the US Federal Reserve may raise interest rates in June. Investors are watching for clues on whether the US Federal Reserve will raise interest rates next month. That would depend on its assessment of the resilience of the US economy, which in effect impacts global growth. Oil fell for a fifth consecutive day on Tuesday on rising production from major exporters, and as the dollar strengthened. The benchmark KSE 100 index lost 141pts trading as it closed down at 36,582.35. The index witnessed a short span of buying and the index accumulated 71.17pts to touch 36,794.49, high for the day. The KMI 30 index after Monday’s rally dived 311.11pts and closed at 64,268.35. Only two scripts managed noticeable gains, K-Electric Limited (KEL +3.03%) and National Refinery Limited (NRL +2.67%). KSE All Share also fell 104.63pts to 24,790.72. The session had 153 advancers and 191 decliners. The market volumes gushed up to 298.412million from last session’s 265.548 million. The power generation and distribution sector led the volume chart again with K-Electric Limited (KEL +3.03%) being investor favourite. Kohinoor Power Company Limited (KOHP +15.13%) outshone peers again hitting the upper lock price of Rs 7.61. Arshad Energy Limited (AEL +13.89%) also managed to reach the upper cap price of Rs 8.20. Other scripts remained weak and none could rise above 1%. Hub Power Company Limited (HUBC -2.32%) and Kot Addu Power Company (KAPCO -1.33%) depreciated to close at Rs 115.49 and Rs 85, respectively. Chemical sector with cumulative volume of 31.56million was next. Weak sentiments were witnessed in the sector and most scripts closed lower. Data Agro Limited (DAAG +6.74%) was top gainer followed by Lotte Chemical Pakistan Limited (LOTCHEM +5.49%). Bigger names closed in the red; AkzoNobel Pakistan Limited (AKZO) down 1.03%, ICI Pakistan Limited (ICI) shed 0.74% and Berger Paints Pakistan Limited (BERG) inched down 0.18%. Oil and gas exploration companies traced international crude oil prices and laid off gains. Oil and Gas Development Company (OGDC) was top loser in the sector down 2.01%, Pakistan Oilfields Limited (POL) shred 1.92%, Pakistan Petroleum Limited (PPL) and Mari Petroleum Limited (MARI) lost 0.91% and 0.11% in price.