The Dow Jones Islamic Market Titans 100 Index finished October down 2.27%, 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 an October loss of 2.31%.
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 0.49% in October; the Dow Jones Asian Titans 50 Index decreased 0.14%.
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, increased 0.38% in October; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, increased 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, declined 3.48% in October; the U.S. blue-chip Dow Jones Industrial Average decreased 2.54%.
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Asia: Performance of Dow Jones Islamic Market versus Conventional S&P Dow Jones Indices |
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Dow Jones Islamic Market Indices |
conventional S&P Dow Jones Indices |
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Index Name |
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Index Name |
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Index Close October 31, 2012 |
October 2012 Performance
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October 2012 Performance
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Index Close October 31, 2012 |
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DJIM Asia/Pacific Index |
1357.37 |
-1.23% |
-0.51% |
126.02 |
DJ Asia/Pacific Index |
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DJIM China Offshore Index |
2820.78 |
1.95% |
4.51% |
3811.88 |
DJ China Offshore 50 Index |
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DJIM Hong Kong Index |
1378.91 |
0.54% |
1.79% |
440.83 |
DJ Hong Kong Index |
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DJIM India Index |
1517.36 |
-3.96% |
-3.35% |
1569.93 |
DJ India Total Stock Market Index |
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DJIM Indonesia Index |
1512.70 |
2.08% |
2.04% |
222.04 |
DJ Indonesia Index |
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DJIM Japan Index |
1013.47 |
-2.29% |
-1.89% |
77.16 |
DJ Japan Index |
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DJIM Malaysia Index |
1979.39 |
1.35% |
2.53% |
277.33 |
DJ Malaysia Index |
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DJIM Pakistan Islamic Index |
17625.68 |
0.02% |
0.54% |
682.70 |
DJ Pakistan Total Stock Market Index |
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DJIM Philippines Index |
2079.11 |
-0.07% |
2.84% |
352.04 |
DJ Philippines Index |
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DJIM Singapore Index |
1300.07 |
-1.51% |
-1.10% |
325.14 |
DJ Singapore Index |
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DJIM South Korea Index |
1067.64 |
-2.82% |
-2.63% |
286.46 |
DJ South Korea Index |
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DJIM Sri Lanka Index |
1521.62 |
-7.85% |
-8.92% |
1932.16 |
DJ Sri Lanka Total Stock Market Index |
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DJIM Taiwan Index |
4422.58 |
-6.10% |
-6.81% |
149.97 |
DJ Taiwan Index |
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DJIM Thailand Index |
2506.65 |
-0.97% |
0.10% |
186.66 |
DJ Thailand Index |
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 increased 3.67% in October.
The Dow Jones Islamic Market Kuwait Index finished down 3.12% in October.
The Dow Jones Islamic Market Turkey Index rose 3.34%, while the Dow Jones Turkey Total Stock Market Index advanced 8.85% in October.
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, decreased 1.20% in October; the conventional Dow Jones GCC Index lose 0.49%.
Other Markets and Asset Classes
In October, the Dow Jones Islamic Market BRIC Equal Weighted Index fell 2.61% while, the Dow Jones BRIC 50 Index increased 0.18%.
The Dow Jones Sukuk Price Return Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.45% in October.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, decreased 0.87% in October while the conventional Dow Jones Sustainability Index gained 0.16%.
October Industries Winners and Losers
The three top-performing Dow Jones Islamic Market Industry Indices were Financials up 1.30%, Industrials up 0.27% and Utilities down 0.19%.
The three bottom-performing Dow Jones Islamic Market Industry Indices were Technology, Telecommunications and Market Oil & Gas, with losses of 6.01%, 2.82% and 2.29%, 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.
