Tehran Stock Market Selloff Deepens

The stock market sell-off on Tehran Stock Exchange continued Wednesday, knocking the TEDPIX 3,400 points and wiping out the gains made since the beginning of autumn. Low oil and commodity prices are still the main reason for the down market. The fall comes, however, as some detect a silver lining behind share prices becoming more real. 
Oil prices have crashed more than 25% since climbing to a four-year high in early October. The sharp decline has ratcheted up the pressure on oil refinery and other commodity stocks. 
Tehran Stock Exchange’s main index lost 3,427.69 points or 2.05% on Wednesday to end trading at 163,772.1