The Dow Jones Islamic Market Titans 100 Index finished November up 0.37%, according to data compiled by S&P Dow Jones Indices. 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 November gain of 0.07%.
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, advanced 3.58% in November; the Dow Jones Asian Titans 50 Index increased 3.06%.
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, rose 1.14% in November; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, increased 2.07%.
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 0.43% in November; the U.S. blue-chip Dow Jones Industrial Average decreased 0.54%.
Middle East and GCC Regions
Dow Jones Islamic Market Indices versus conventional S&P Dow Jones Indices
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market decreased 0.12% in November.
The Dow Jones Islamic Market Kuwait Index advanced 5.91% in November.
The Dow Jones Islamic Market Turkey Index rose 0.59%, while the Dow Jones Turkey Total Stock Market Index increased 1.22% in November.
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, increased 1.84% in November; the conventional Dow Jones GCC Index gained 1.52%.
Other Markets and Asset Classes
In November, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 0.51% while, the Dow Jones BRIC 50 Index increased 0.26%.
The Dow Jones Sukuk Price Return Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.06% in November.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, rose 1.23% in November while the conventional Dow Jones Sustainability Index gained 1.20%.
November Industries Winners and Losers
The three top-performing Dow Jones Islamic Market Industry Indices were Consumer Goods, Industrials and Consumer Services, with gains of 3.55%, 2.82% and 1.96%, respectively.
The three bottom-performing Dow Jones Islamic Market Industry Indices were Utilities, Basic Materials and Oil & Gas, with losses of 0.59%, 0.86% and 2.07%, respectively.
The Dow Jones Islamic Market Indices were introduced in 1999 as the first indices intended to measure the global universe of investable equities that pass screens for Shari’ah-compliance. With more than 100 indices the series remains the most comprehensive family of Islamic market measures and includes regional, country, and industry indices, all of which are subsets of the Dow Jones Islamic Market (DJIM) Index. An independent Shari’ah Supervisory Board counsels S&P Dow Jones Indices on matters related to the compliance of index-eligible companies.
More information regarding the methodology used to calculate the S&P Dow Jones Indices mentioned in this report is available on www.djindexes.com.
