The Royal Gazette/Bermuda Stock Exchange Index closed yesterday at 2,221.83, a drop of 44.14 points or 1.95 percent. Share volume was 1,349.

Bank of Bermuda stock closed down $1.50 or 4.8 percent to close at $30 on volume of 300 shares.

KeyTech Ltd. (8% Cum Redeem.Pref.) declined 6.4 percent or 75 cents to close at $11, while Belco Holdings dropped 1.6 percent to $31. BF&M slid 0.5 percent to end at $10.50 on a volume of 300 shares.