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Dow Jones Islamic Market Titans 100 Index Closed Up 1.19% In March - Index Measures Performance of 100 of World’s Leading Shari’ah-Compliant Stocks - Dow Jones Islamic Market Asia/Pacific Titans 25 Index, Dow Jones Islamic Market Europe Titans 25 Index End March In Negative Territory - Dow Jones Islamic Market U.S. Titans 50 Index Gained 2.61%

Date 04/04/2012

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.