Teheran Stock Exchange hits 5-year low

Index falls to 8,974, dropping below the symbolic 9,000 level for the first time since 2003.

Egypt stocks 88 248 (photo credit: )
Egypt stocks 88 248
(photo credit: )
The Teheran Stock Exchange's index on Sunday plummeted to its lowest level in the the past five years. The official website of the market reported that the index fell to 8,974, dropping below the symbolic 9,000 level for the first time since 2003. Sunday media reports attributed the drop to the falling prices of commodities. Most of the companies listed on the exchange are producers of steel, copper and chemicals.