The global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, had a down month in September with a loss of 7.19%, closing at 2019.36. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of 6.24%, closing at 160.21.
− The Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari’ah compliant stocks in the Asia/Pacific region, decreased 8.62% in September, closing at 1848.95. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of 8.74%, closing at 116.08.
− Measuring Europe, the Dow Jones Islamic Market Europe Titans 25 Index, which measures the performance of the 25 of the leading Shari’ah compliant stocks in Europe, closed at 1874.93, a loss of 10.38% in September, while the conventional Dow Jones Europe Index loss 11.31%, closing at 221.76.
− Measuring the performance of 50 of the largest Shari’ah compliant U.S. stocks, the Dow Jones Islamic Market U.S. Titans 50 Index decreased in September, closing at 2099.81. It represents a loss of 5.59%. The U.S. blue-chip Dow Jones Industrial Average decreased 6.03%, closing at 10913.38.
Asia: Performance of Dow Jones Islamic Market versus Conventional Dow Jones Indexes
|
Conventional Dow Jones Indexes |
|||||
|
Index Name |
Index Close Sept. 30, 2011 |
Percent change September |
Percent change September |
Index Close Sept. 30, 2011
|
Index Name |
|
DJIM Asia/Pacific Index |
1271.64 |
-10.09% |
-9.49% |
117.89 |
DJ Asia/Pacific Index |
|
DJIM China Offshore Index |
2747.51 |
-18.84% |
-17.51% |
3241.45 |
DJ China Offshore 50 Index |
|
DJIM Hong Kong Index |
1180.57 |
-15.62% |
-18.34% |
351.32 |
DJ Hong Kong Index |
|
DJIM India Index |
1541.85 |
-7.16% |
-7.62% |
1569.76 |
DJ India Total Stock Market Index |
|
DJIM Indonesia Index |
1327.51 |
-10.43% |
-11.28% |
205.36 |
DJ Indonesia Index |
|
DJIM Japan Index |
1068.29 |
-2.23% |
-2.01% |
81.86 |
DJ Japan Index |
|
DJIM Malaysia Index |
1501.45 |
-10.77% |
-11.45% |
221.27 |
DJ Malaysia Index |
|
DJIM Pakistan Islamic Index |
14595.80 |
3.50% |
5.77% |
619.43 |
DJ Pakistan Total Stock Market Index |
|
DJIM Philippines Index |
1753.59 |
-14.26% |
-10.79% |
245.40 |
DJ Philippines Index |
|
DJIM Singapore Index |
1076.65 |
-14.35% |
-14.71% |
265.79 |
DJ Singapore Index |
|
DJIM South Korea Index |
828.05 |
-10.94% |
-13.99% |
244.72 |
DJ South Korea Index |
|
DJIM Sri Lanka Index |
2358.14 |
-2.38% |
-2.34% |
2736.17 |
DJ Sri Lanka Total Stock Market Index |
|
DJIM Taiwan Index |
4217.96 |
-9.34% |
-11.18% |
144.78 |
DJ Taiwan Index |
|
DJIM Thailand Index |
1801.20 |
-12.44% |
-17.77% |
129.73 |
DJ Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus Conventional Dow Jones Indexes
In September, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 1940.54. It is a loss of 2.99%.
The Dow Jones Islamic Market Kuwait Index posted a gain of 0.20%, closing at 842.14. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 204.87. It represents a loss of 0.01%.
The Dow Jones Islamic Market Turkey Index closed at 2954.44, a performance loss of 2.84%, while the Dow Jones Turkey Total Stock Market Index closed at 1068.38, a gain of 1.84%.
Measuring the performance of Shari’ah compliant stocks of five of the Gulf Cooperation Council (GCC) member states, the Dow Jones Islamic Market GCC Index closed at 1187.14, a loss of 0.15%. The conventional Dow Jones GCC Index was down 1.07%, closing at 1353.24.
Other Markets and Asset Classes
In September, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 15.60%. It had a closing value of 1652.70. By comparison, the Dow Jones BRIC 50 Index closed at 482.68, a loss of 14.58%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased 0.96%, closing at 130.92.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, decreased 8.93%, closing at 2171.08. The conventional Dow Jones Sustainability Index loss 8.43% with a closing value of 889.71.
Global September 2011 Industries Winners and Losers
All DJIM Industry Indexes were down for the month of September. The three Dow Jones Islamic Market Industry Indexes posting the narrowest loss were Technology, Health Care and Consumer Services with down performances of 4.70%, 4.79 and 5.93%, respectively.
The Dow Jones Islamic Market Basic Materials, Dow Jones Islamic Market Oil & Gas and Dow Jones Islamic Market Industrials Indexes were the three worst performing industry indexes with down performances of 19.18%, 13.14% and 11.71%, respectively.
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari’ah compliance. With more than 100 indexes the series remains the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market (DJIM) Index. An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
More information regarding the methodology used to calculate the Dow Jones indexes mentioned in this report is available on www.djindexes.com
