Banking and utilities proved to be the busiest sectors as The Royal Gazette/Bermuda Stock Exchange Index (BSX) fell to its lowest level since September 2003 last week.

Bermuda Commercial Bank Ltd. saw its share price increase by 25 cents (3.6 percent) to $7.25, with 220 shares traded.

But Butterfield Bank and LOM (Holdings) Ltd. fell by 11.7 percent (85 cents) and 1.3 percent (five cents) respectively.

KeyTech Ltd. and Belco Holdings Ltd. also declined by 50 cents (five percent) and five cents (0.3 percent) respectively.

However, in insurance Argus Group Holdings Ltd. rose five cents (0.6 percent) to $8.05, as 100 shares changed hands, while BF&M Ltd. traded 75 shares, but its share value held firm. Devonshire Industries Ltd. closed the week up five cents (0.4 percent) at $12.55, with 100 shares transacted.

The Index as a whole, meanwhile, dropped 158.53 points (6.22 percent) to 2,545.77, with 32,089 shares worth $229,098.50 changing hands.

But the BSX Insurance Index of the Island's leading international insurance companies had a positive week, soaring 8.4 percent to 681.74.