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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 10.67%, closing at 1326.64. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 11.10%, closing at 96.64.
- 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 1526.10, a gain of 8.95%, while the pan-European blue chip Dow Jones STOXX 50 Index gained 10.19%, closing at 1850.47.
- 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 1667.15. It represents a gain of 7.72%. The U.S. blue-chip Dow Jones Industrial Average increased 8.45%, closing at 7659.97.
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 March 2009 |
|
|
Index Close March 2009 |
Index Names |
|
DJIM Asia/Pacific Index |
851.99 |
12.07% |
11.05% |
86.88 |
DJ
Asia/Pacific Index |
|
DJIM |
1422.27 |
22.35% |
17.03% |
2716.40 |
DJ
China Offshore 50 Index |
|
DJIM Hong Kong Index |
835.72 |
7.02% |
10.20% |
259.17 |
DJ
Hong Kong Index |
|
DJIM |
791.45 |
6.37% |
6.88% |
827.59 |
DJ
Wilshire |
|
DJIM |
551.04 |
15.30% |
19.84% |
68.70 |
DJ
Indonesia Index |
|
DJIM |
785.36 |
7.28% |
7.47% |
68.10 |
DJ
Japan Index |
|
DJIM |
947.07 |
3.08% |
-0.39% |
120.35 |
DJ
Malaysia Index |
|
Dow Jones-JS |
7669.48 |
16.23% |
16.62% |
463.76 |
DJ
Wilshire |
|
DJIM |
1096.38 |
2.37% |
4.99% |
100.37 |
DJ
|
|
DJIM |
646.90 |
5.28% |
7.88% |
140.57 |
DJ
Singapore Index |
|
DJIM |
463.57 |
27.54% |
28.20% |
142.50 |
DJ
South |
|
DJIM
Amana
Sri Lanka Index |
843.60 |
-1.35% |
-4.84% |
89.82 |
DJ
Sri Lanka Index |
|
DJIM |
2856.83 |
17.32% |
17.89% |
96.51 |
DJ
Taiwan Index |
|
DJIM |
865.44 |
5.25% |
3.83% |
53.72 |
DJ
Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes
In March, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2082.71. It is a gain of 9.17% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a gain of 11.81%, closing at 728.32. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 187.86. It represents a gain of 9.16%.
The Dow Jones Islamic Market Turkey Index closed at 1744.67, a performance of -0.86% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 510.82, a gain of 6.90%.
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 1021.44, a gain of 9.86%. The conventional Dow Jones GCC Index was up 9.81%, closing at 1111.04.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index increased 19.65%. It had a closing value of 1062.78. By comparison, the Dow Jones BRIC 50 Index closed at 335.79, a gain of 16.19%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 2.60%, closing at 89.61.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 9.94%, closing at 1691.80. The conventional Dow Jones Sustainability Index gained 10.41% with a closing value of 683.20.
Global March 2009 Industries Winners and Losers
The three best performing Dow Jones Islamic Market Industry Indexes were Basic Materials, Technology and Industrials with performances of 17.12%, 12.64% and 11.33%, respectively. The Dow Jones Islamic Market Health Care, Dow Jones Islamic Market Telecommunications and Dow Jones Islamic Market Consumer Goods indexes were the three worst performing industry indexes with performances of 4.86%, 5.45% and 5.50%, 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
