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Based on the close of trading on July 26, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 7.45% month-to-date, closing at 1972.62. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 7.87%, closing at 159.24.
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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 5.87%, closing at 1812.99. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 4.84%, closing at 126.67.
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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 1905.04, a gain of 8.13%, while the conventional Dow Jones Europe Index gained 11.58%, closing at 241.90.
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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 2017.36. It represents a gain of 7.47%. The U.S. blue-chip Dow Jones Industrial Average increased 7.69%, closing at 10525.43.
Asia: Performance of Dow Jones Islamic Market versus Conventional Dow Jones Indexes
|
Dow Jones Islamic Market Indexes |
Conventional Dow Jones Indexes |
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|
Index Names |
Index Close July 26, 2010 |
MTD 2010 |
MTD 2010 |
Index Close July 26, 2010 |
Index Names |
|
DJIM Asia/Pacific Index |
1297.34 |
4.63% |
4.46% |
121.71 |
DJ
Asia/Pacific Index |
|
DJIM China Offshore Index |
2746.52 |
10.16% |
3.42% |
3949.55 |
DJ
China Offshore 50 Index |
|
DJIM Hong Kong Index |
1444.23 |
3.58% |
4.31% |
411.25 |
DJ
Hong Kong Index |
|
DJIM
India Index |
1863.82 |
-0.76% |
0.50% |
1856.30 |
DJ
India Total Stock Market Index |
|
DJIM Indonesia Index |
1337.06 |
5.35% |
3.24% |
179.63 |
DJ
Indonesia Index |
|
DJIM Japan Index |
995.75 |
2.97% |
2.01% |
80.24 |
DJ
Japan Index |
|
DJIM Malaysia Index |
1451.72 |
3.78% |
4.76% |
214.47 |
DJ
Malaysia Index |
|
Dow
Jones-JS Pakistan Islamic Index |
11627.25 |
4.25% |
5.35% |
591.01 |
DJ
Pakistan Total Stock Market Index |
|
DJIM Philippines Index |
1524.50 |
-1.25% |
2.16% |
194.27 |
DJ
Philippines Index |
|
DJIM Singapore Index |
1102.81 |
5.41% |
7.05% |
282.66 |
DJ
Singapore Index |
|
DJIM South Korea Index |
824.00 |
6.96% |
7.47% |
241.19 |
DJ
South Korea Index |
|
DJIM Amana
Sri Lanka Index |
1977.97 |
0.71% |
7.55% |
340.69 |
DJ
Sri Lanka Index |
|
DJIM Taiwan Index |
4208.75 |
6.27% |
6.78% |
149.27 |
DJ
Taiwan Index |
|
DJIM Thailand Index |
1547.06 |
3.33% |
5.88% |
114.01 |
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 1977.63. It is a gain of 4.34% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a gain of 8.51%, closing at 883.82. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 211.78. It represents a gain of 6.92%.
The Dow Jones Islamic Market Turkey Index closed at 3315.84, a performance of 8.03% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1296.72, a gain of 12.88%.
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 1199.92 a gain of 4.68%. The conventional Dow Jones GCC Index was up 4.30%, closing at 1305.83.
Other
Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index increased 6.54%. It had a closing value of 1962.22. By comparison, the Dow Jones BRIC 50 Index closed at 582.38, a gain of 6.73%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.12%, closing at 120.99.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 6.73%, closing at 2204.21. The conventional Dow Jones Sustainability Index gained 9.23% with a closing value of 948.35.
Global July 2010 Industries Winners and Losers
All DJIM Industry Indexes were up for the month of July. The three best performing Dow Jones Islamic Market Industry Indexes were Oil & Gas, Technology and Industrials with performances of 9.91%, 9.69% and 9.61%, respectively. The three narrowest performing industry indexes were Dow Jones Islamic Market Telecommunications, Dow Jones Islamic Market Utilities and Dow Jones Islamic Market Health Care indexes with performances of 6.80%, 6.10% and 1.75%, 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 100 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
