The Spanish Ibex-35 stock market saw 1.24 percent knocked off share prices on Monday to end the day's trading below 10,900 points due to poor performance of the banking sector.

Trading in Madrid began the week on 10,978.30 points and with hopes of breaking the 11,000 point barrier, but with losses reported from the very start of trading, that was never a possibility and the Ibex-35 closed on 10,842.40 points.

The day was marked by the poor performance of Spain's banking sector, due mainly to the decision taken by the Spanish National Value Market Commission (CNMV) to forbid the short selling operations in Liberbank for a month.

This decision was taken after Liberbank closed Friday with a fall of around 18 percent in share values following 10 days of consecutive losses due to investor worries following the 1 euro sale of Banco Popular to the Banco Santander.

Spain's other banks all saw their share prices fall with Caixabank share price down 2.05 percent, Banco Sabadell, 1.65 percent, Bankia, 1.65 percent respectively, while Banco Santander saw a 0.90 decrease in share values and BBVA shares fell by 1.45 percent.

Meanwhile Spanish technology companies were affected by Friday's late fall in the value of the Nasdaq in New York, with Indra down 1.42 percent and Amadeus down 1.57 percent respectively, both suffering losses to their share values.

Only two companies: Tecnicas Reunidas, Dia saw their share price rise on the day, while Abertis' shares remained unchanged in value.

Meanwhile, the Spanish risk premium fell by 0.59 percent to 117.1 points and interest on the 10-year-bond closed on 1.42 percent.