The Dow Jones Islamic Market Titans 100 Index finished down 0.83% in April according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world’s leading Shari’ah-compliant stocks.
The Dow Jones Global Titans 50 Index, which measures the world’s 50 largest companies, posted an April loss of 1.57%.
Regionally, 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, gains 0.87% in April; the Dow Jones Asian Titans 50 Index dropped 0.25%.
In Europe, the Dow Jones Islamic Market Europe Titans 25 Index, which measures the performance of the 25 the leading Shari’ah-compliant stocks in Europe, dropped 1.14% in April; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, declined 3.32%.
In the U.S., the Dow Jones Islamic Market U.S. Titans 50 Index, which measures 50 of the largest Shari’ah-compliant U.S. stocks, decreased 1.01% in April; the U.S. blue-chip Dow Jones Industrial Average increased by 0.01%.
Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus conventional Dow Jones Indexes
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, was up 0.25% in April. The Dow Jones Islamic Market Kuwait Index closed April down 0.13%.
The Dow Jones Islamic Market Turkey Index closed April rose 3.60% while the Dow Jones Turkey Total Stock Market Index dropped 2.17%.
The Dow Jones Islamic Market GCC Index, which measures the performance of Shari’ah-compliant stocks for five of the Gulf Cooperation Council (GCC) member states, decreased 0.16% in April; the conventional Dow Jones GCC Index also finished down 1.37%.
Other Markets and Asset Classes
In April, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 4.36% while, the Dow Jones BRIC 50 Index dropped 3.06%.
The Dow Jones Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.38% in April.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, decreased 0.28% in April while the conventional Dow Jones Sustainability Index finished down 2.29%.
April Industries Winners and Losers
The three top-performing Dow Jones Islamic Market Industry Indexes were Financials, Consumer Services and Health Care, up 2.54%, 1.10% and 0.71%, respectively. The Dow Jones Islamic Market Technology, Dow Jones Islamic Market Utilities and Dow Jones Islamic Market Industrials indexes were the three bottom-performing industry indexes, down 2.48%, 1.83% and 1.63%, respectively.
