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Based on the close of trading on May 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 4.67% month-to-date, closing at 1739.68. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 6.13%, closing at 141.69.
- 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 6.34%, closing at 1481.54. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 6.82%, closing at 111.18.
- 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 1744.09, a gain of 8.97%, while the pan-European blue chip Dow Jones STOXX 50 Index gained 10.68%, closing at 2220.29.
- 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 1776.59. It represents a gain of 2.61%. The U.S. blue-chip Dow Jones Industrial Average increased 3.74%, closing at 8473.49.
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 May 2009 |
MTD
2009 |
MTD
2009 |
Index
Close May 2009 |
Index
Names |
|
DJIM
Asia/Pacific Index |
1026.56 |
10.25% |
9.24% |
102.26 |
DJ
Asia/Pacific Index |
|
DJIM
China Offshore Index |
1907.98 |
13.40% |
6.68% |
3201.47 |
DJ
China Offshore 50 Index |
|
DJIM
Hong Kong Index |
1020.77 |
7.14% |
12.55% |
323.85 |
DJ
Hong Kong Index |
| DJIM
India Index |
1205.95 |
25.65% |
29.18% |
1318.68 |
DJ
India Total Stock Market Index |
|
DJIM
Indonesia Index |
828.39 |
12.36% |
11.59% |
100.89 |
DJ
Indonesia Index |
|
DJIM
Japan Index |
868.11 |
9.10% |
9.37% |
76.48 |
DJ
Japan Index |
|
DJIM
Malaysia Index |
1132.03 |
6.38% |
8.17% |
151.49 |
DJ
Malaysia Index |
| Dow
Jones-JS Pakistan Islamic Index |
8609.02 |
3.29% |
-0.86% |
505.66 |
DJ
Pakistan Total Stock Market Index |
|
DJIM
Philippines Index |
1240.05 |
6.28% |
12.42% |
124.20 |
DJ
Philippines Index |
|
DJIM
Singapore Index |
809.75 |
12.76% |
20.23% |
196.50 |
DJ
Singapore Index |
|
DJIM
South Korea Index |
542.50 |
-1.38% |
1.01% |
173.29 |
DJ
South Korea Index |
|
DJIM
Amana Sri Lanka Index |
1044.04 |
18.02% |
33.49% |
132.14 |
DJ
Sri Lanka Index |
|
DJIM
Taiwan Index |
3565.19 |
10.93% |
13.07% |
126.91 |
DJ
Taiwan Index |
|
DJIM
Thailand Index |
1102.59 |
12.73% |
13.14% |
68.87 |
DJ
Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes Versus Conventional
Dow Jones Indexes
In May, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2278.11. It is a gain of 9.38% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a gain of 11.41%, closing at 925.13. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 220.38. It represents a gain of 8.95%.
The Dow Jones Islamic Market Turkey Index closed at 2277.97, a performance of 9.02% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 751.90, a gain of 12.78%.
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 1257.81, a gain of 11.14%. The conventional Dow Jones GCC Index was up 9.44%, closing at 1306.14.
Other Markets and Asset Classes
The
Dow Jones Islamic Market BRIC Equal Weighted Index increased 16.10%.
It had a closing value of 1460.23. By comparison, the Dow Jones BRIC 50 Index closed at 449.56, a gain of 15.62%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 7.34%, closing at 104.15.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 6.78%, closing at 1916.55. The conventional Dow Jones Sustainability Index gained 8.48% with a closing value of 809.52.>
Global May 2009 Industries Winners and Losers
The three best performing Dow Jones Islamic Market Industry Indexes were Basic Materials, Financials and Oil & Gas with performances of 15.21%, 11.42% and 11.13%, respectively. The Dow Jones Islamic Market Consumer Services, Dow Jones Islamic Market Technology and Dow Jones Islamic Market Telecommunications indexes were the three worst performing industry indexes with performances of 0.65%, 1.83% and 3.13%, 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
