Matho Gompa, a Tibetan Buddhist monastery in Ladakh east of Leh, is the only example of the Sakyapa sect. It is known for its annual Oracle Festival, Matho Nagran, held on the 14th and 15th days of the first month of the Tibetan calendar. During this festival, the approximately 60 resident lamas elect two oracles, known as Rongzam, to serve a three year term. The purpose of these oracles is to attempt to predict the fortunes of the local village communities for the coming year.
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Stok Gompa, a Buddhist monastery 15 km south of Leh, was founded by Lama Lhawang Lotus in the 14th century. A ritual dance-mask festival is held annually. It is also the residence of the Ladakhi royalty.