June 2011 “Islamic Market’s Measure” Preliminary Report - Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on June 28, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, dropped 4.05% month-to-date, closing at 2291.87. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of 4.23%, closing at 179.54.

• 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 4.47%, closing at 2109.73. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of 4.37%, closing at 134.26.
• 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 2242.54, a loss of 5.33%, while the conventional Dow Jones Europe Index loss 5.80%, closing at 278.39.
• 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, closing at 2330.71. It represents a loss of 3.42%. The U.S. blue-chip Dow Jones Industrial Average decreased 3.03%, closing at 12188.69.

Asia: Performance of Dow Jones Islamic Market versus Conventional Dow Jones Indexes

Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus Conventional Dow Jones Indexes
 
In June, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2046.42. It is a loss of 0.33% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a loss of 1.71%, closing at 898.76. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 220.32. It represents a loss of 2.56%.

The Dow Jones Islamic Market Turkey Index closed at 3582.03, a performance loss of 0.99% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1283.09, a loss of 3.01%.

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 1249.15, a loss of 2.99%. The conventional Dow Jones GCC Index was down 2.81%, closing at 1427.71.

Other Markets and Asset Classes

In June, the Dow Jones Islamic Market BRIC Equal Weighted Index decreased 2.40%. It had a closing value of 2148.58. By comparison, the Dow Jones BRIC 50 Index closed at 630.14, a loss of 2.87% month-to-date.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.01%, closing at 130.13.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, decreased 4.26%, closing at 2512.82. The conventional Dow Jones Sustainability Index loss 4.24% with a closing value of 1070.52.

Global June 2011 Industries Winners and Losers

All DJIM Industry Indexes were down for the month of June. The three Dow Jones Islamic Market Industry Indexes posting the narrowest loss were Consumer Goods, Utilities and Telecommunications with down performances of 2.00%, 2.07% and 2.79%, respectively.

The Dow Jones Islamic Market Oil & Gas, Dow Jones Islamic Market Basic Materials and Dow Jones Islamic Market Technology indexes were the three worst performing industry indexes with down performances of 5.57%, 5.56% and 5.26%, respectively.