The broad index of the Dhaka bourse on Tuesday declined marginally, mainly led by price correction of insurance companies.FENine of the top 10 losers were life insurance companies while the one left was a non-life insurance company.Many companies of the sectors continued rally in recent months, supported by speculative trading. The abnormal price hikes experienced by many insurance companies were not backed up by their financial performance.Market operators said the notable sell pressure experienced by the insurance companies dragged the broad index down of the Dhaka bourse.The top 10 losers saw price fall between 4.19 per cent and 7.34 per cent on the Dhaka Stock Exchange (DSE).Meghna Life Insurance Company was the day s top loser after declining 7.35 per cent, followed by Sonali Life Insurance Company and Chartered Life Insurance Company.Due to the price erosion, the market value of the life insurance sector slid 3 per cent while the general insurance sector lost 1.7 per cent of its market cap.The DSE opened the day s session positively and the DSE broad index DSEX exhibited ups and downs above the day s starting mark for more than an hour.After the midsession, the index went down the opening mark as many securities of major sectors lost price.At the end of the session, the DSEX settled at 6,301 points with a loss of 0.19 per cent or 12 points.EBL Securities said the capital bourse failed to sustain the upbeat vibe as investor confidence was yet to rebound owing to the prevailing concerns over the market outlook against the backdrop of macroeconomic realities.The Shariah index and DS30 index also fell marginally on the premier bourse on Tuesday. Notable sell pressure in life and non-life insurances sectors has mostly contributed to the fall of indices today, said International Leasing Securities.Apart from the insurance companies, the companies of travel & leisure also experienced significant price correction.Of the total issues traded, 59 advanced, 115 declined and 179 were unchanged.The DSE featured a turnover of Tk 5.91 billion, 11 per cent higher than the previous session.Riding on investors increased participation, the life insurance sector made the highest contribution of 25.2 per cent to the market turnover.The companies of this sector also dominated the chart of the most traded stocks.With a transaction volume worth Tk 272 million, Meghna Life Insurance Company was the number one traded stock, followed by Eastern Housing, Gemini Sea Food and Rupali Life Insurance.