August 2009 “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 August 25, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 2.22% month-to-date, closing at 1939.19. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 3.88%, closing at 160.55.

• 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, increased 1.33%, closing at 1698.43. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 1.68%, closing at 126.34.
• 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 1947.86, a gain of 3.79%, while the pan-European blue chip Dow Jones STOXX 50 Index gained 6.53%, closing at 2584.76.
• Measuring the performance of 50 of the largest Shari’ah compliant U.S. stocks, the Dow Jones Islamic Market U.S. Titans 50 Index increased, closing at 1969.58. It represents a gain of 1.77%. The U.S. blue-chip Dow Jones Industrial Average increased 4.01%, closing at 9539.29.

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 August, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2381.27. It is a gain of 1.37% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a gain of 6.95%, closing at 1045.73. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 251.32. It represents a gain of 7.30%.

The Dow Jones Islamic Market Turkey Index closed at 2944.31, a performance of 8.17% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1080.81, a gain of 12.51%.

Measuring the performance of Shari’ah compliant stocks of five of the Gulf Cooperation Council (GCC) member states, theDow Jones Islamic Market GCC Index closed at 1419.17, a gain of 4.68%. The conventional Dow Jones GCC Index was up 5.00%, closing at 1464.65.

Other Markets and Asset Classes

The Dow Jones Islamic Market BRIC Equal Weighted Index increased 1.59%. It had a closing value of 1656.07. By comparison, the Dow Jones BRIC 50 Index closed at 510.28, a gain of 1.89%.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 2.60%, closing at 115.95.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 2.78%, closing at 2160.55. The conventional Dow Jones Sustainability Index gained 5.21% with a closing value of 937.72.

Global August 2009 Industries Winners and Losers

The three best performing Dow Jones Islamic Market Industry Indexes were Industrials, Consumer Services and Oil & Gas with performances of 5.21%, 3.33% and 3.22%, respectively. The Dow Jones Islamic Market Consumer Goods, Dow Jones Islamic Market Telecommunications and Dow Jones Islamic Market Technology indexes were the three worst performing industry indexes with performances of 0.31%, 0.73% and 1.72%, respectively.