The Dow Jones Islamic Market Titans 100 Index finished March up 1.19%, 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 a March gain of 2.20%.
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, decreased 0.94% in March; the Dow Jones Asian Titans 50 Index dropped 1.76%.
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, fell 1.87% in March; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, declined 1.59%.
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, increased 2.61% in March; the U.S. blue-chip Dow Jones Industrial Average increased by 2.01%.
|
Asia: Performance of Dow Jones Islamic Market versus Conventional Dow Jones Indexes |
|||||
|
Dow Jones Islamic Market Indexes |
Conventional Dow Jones Indexes |
||||
|
Index Name |
|
|
|
|
Index Name |
|
Index Close March 30, 2012
|
March 2012 (%) Performance |
March 2012 (%) Performance |
Index Close March 30, 2012
|
||
|
DJIM Asia/Pacific Index |
1275.51 |
-2.08% |
117.75 |
-1.75% |
DJ Asia/Pacific Index |
|
DJIM China Offshore Index |
2792.63 |
-4.45% |
3537.03 |
-7.35% |
DJ China Offshore 50 Index |
|
DJIM Hong Kong Index |
1211.88 |
-1.46% |
367.89 |
-4.43% |
DJ Hong Kong Index |
|
DJIM India Index |
1331.38 |
-5.38% |
1307.39 |
-5.22% |
DJ India Total Stock Market Index |
|
DJIM Indonesia Index |
1370.27 |
1.49% |
215.58 |
1.92% |
DJ Indonesia Index |
|
DJIM Japan Index |
1032.34 |
0.76% |
78.42 |
0.61% |
DJ Japan Index |
|
DJIM Malaysia Index |
1685.36 |
-1.57% |
248.57 |
-1.44% |
DJ Malaysia Index |
|
DJIM Pakistan Islamic Index |
13711.53 |
6.01% |
543.54 |
5.25% |
DJ Pakistan Total Stock Market Index |
|
DJIM Philippines Index |
1921.22 |
-1.62% |
265.96 |
3.97% |
DJ Philippines Index |
|
DJIM Singapore Index |
1115.98 |
-0.52% |
263.35 |
-0.29% |
DJ Singapore Index |
|
DJIM South Korea Index |
933.66 |
-0.83% |
259.24 |
-1.67% |
DJ South Korea Index |
|
DJIM Sri Lanka Index |
2107.77 |
-7.86% |
2356.56 |
-3.33% |
DJ Sri Lanka Total Stock Market Index |
|
DJIM Taiwan Index |
4181.32 |
-1.26% |
142.60 |
-2.79% |
DJ Taiwan Index |
|
DJIM Thailand Index |
2044.66 |
1.68% |
144.10 |
1.36% |
DJ Thailand Index |
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, fell 4.29% in March.
The Dow Jones Islamic Market Kuwait Index closed March up 2.01% while the Dow Jones Kuwait Composite Index rose 2.03%.
The Dow Jones Islamic Market Turkey Index closed March up 0.70%, while the Dow Jones Turkey Total Stock Market Index gained 0.41%.
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, gained 1.58% in March; the conventional Dow Jones GCC Index finished up 0.80%.
Other Markets and Asset Classes
In March, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 5.91% while, the Dow Jones BRIC 50 Index dropped 7.16%.
The Dow Jones Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.59% in March.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, fell 0.65% in March while the conventional Dow Jones Sustainability Index loss 0.23%.
March Industries Winners and Losers
The three top-performing Dow Jones Islamic Market Industry Indexes were Technology, Consumer Services and Health Care, with gains of 4.41%, 3.48% and 2.59%, respectively. The Dow Jones Islamic Market Basic Materials, Dow Jones Islamic Market Oil & Gas and Dow Jones Islamic Market Utilities indexes were the three bottom-performing industry indexes, with losses of 5.88%, 5.40% and 1.67%, respectively.
