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Based on the close of trading on July 28, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, lost -4.43% month-to-date, closing at 2276.21. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -2.94%, closing at 197.40.
- 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 -6.25%, closing at 2015.43. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -3.46%, closing at 154.99.
- 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 2508.20, a loss of -4.96%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -2.85%, closing at 3322.64.
- 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 2215.28. It represents a loss of -3.84%. The U.S. blue-chip Dow Jones Industrial Average decreased -1.93%, closing at 11131.08.
Asia:
Performance of Dow Jones Islamic Market Versus Conventional Dow Jones Indexes
|
Dow
Jones Islamic Market Indexes |
Conventional
Dow Jones Indexes |
||||
|
Index
Names |
Index
Close July 2008 |
MTD
2008 |
MTD
2008 |
Index
Close July 2008 |
Index
Names |
|
DJIM
Asia/Pacific Index |
1347.20 |
-5.45% |
-3.38% |
136.86 |
DJ
Asia/Pacific Index |
|
DJIM
China Offshore Index |
2486.54 |
0.69% |
2.68% |
4180.97 |
DJ
China Offshore 50 Index |
|
DJIM
Hong Kong Index |
11359.03 |
-1.27% |
-0.73% |
406.75 |
DJ
Hong Kong Index |
|
DJIM
India Index |
1532.38 |
7.68% |
6.87% |
1628.72 |
DJ
Wilshire India Index |
|
DJIM
Indonesia Index |
1235.48 |
-10.62% |
-4.90% |
152.64 |
DJ
Indonesia Index |
|
DJIM
Japan Index |
1129.09 |
-4.68% |
-3.08% |
99.22 |
DJ
Japan Index |
|
DJIM
Malaysia Index |
1406.62 |
-8.46% |
-3.37% |
181.76 |
DJ
Malaysia Index |
|
Dow
Jones-JS Pakistan Islamic Index |
12341.46 |
-19.71% |
-19.45% |
918.18 |
DJ
Wilshire Pakistan Index |
|
DJIM
Philippines Index |
1545.62 |
2.90% |
4.47% |
143.30 |
DJ
Philippines Index |
|
DJIM
Singapore Index |
1223.78 |
-4.02% |
-2.13% |
277.92 |
DJ
Singapore Index |
|
DJIM
South Korea Index |
773.93 |
-1.59% |
-1.02% |
252.99 |
DJ
South Korea Index |
|
DJIM
Amana Sri Lanka Index |
1065.58 |
1.51% |
-3.82% |
146.61 |
DJ
Sri Lanka Index |
|
DJIM
Taiwan Index |
4216.30 |
-3.07% |
-4.11% |
150.95 |
DJ
Taiwan Index |
|
DJIM
Thailand Index |
1430.45 |
-13.85% |
-11.05% |
90.50 |
DJ
Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes
In July, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 5459.02. It is a loss of -3.51% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a loss of -4.58%, closing at 1856.75. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 483.75. It represents a loss of -2.49%.
The Dow Jones Islamic Market Turkey Index closed at 3704.95, a performance of 0.44% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 1067.08, a gain of 10.95%.
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 2698.60, a loss of -3.40%. The conventional Dow Jones GCC Index was down -2.25%, closing at 2834.91.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -10.61%. It had a closing value of 2051.15. By comparison, the Dow Jones BRIC 50 Index closed at 622.04, a loss of -6.41%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased -0.31%, closing at 111.96.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shariah laws, decreased -4.02%, closing at 2639.12. The conventional Dow Jones Sustainability Index lost -3.03% with a closing value of 1167.60.
Global July 2008 Industries Winners and Losers
The three best performing Dow Jones Islamic Market Industry Indexes were Health Care, Financials, and Consumer Goods, with performances of 3.53%, -0.02% and -1.48% respectively. The Dow Jones Islamic Market Oil & Gas, Dow Jones Islamic Market Basic Materials and Dow Jones Islamic Market Utilities Indexes were the three worst performing industry indexes with performances of -14.19%, -12.89% and -8.88% respectively.
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari’ah compliance. With more than 70 indexes the series remains the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market (DJIM) Index. An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
More information regarding the methodology used to calculate the Dow Jones indexes mentioned in this report is available on www.djindexes.com
