- 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 -28.34%, closing at 1149.44. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -28.23%, closing at 90.59.
- 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 1470.62, a loss of -27.33%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -30.78%, closing at 1913.57.
- 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 1649.86. It represents a loss of -22.07%. The U.S. blue-chip Dow Jones Industrial Average decreased -24.65%, closing at 8175.77.
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 October 2008 |
MTD 2008 |
MTD 2008 |
Index Close October 2008 |
Index Names |
|
DJIM Asia/Pacific Index |
726.66 |
-31.44% |
-28.44% |
79.11 |
DJ
Asia/Pacific Index |
|
DJIM China Offshore Index |
928.41 |
-47.84% |
-42.12% |
1802.44 |
DJ
China Offshore 50 Index |
|
DJIM Hong Kong Index |
633.01 |
-37.92% |
-35.93% |
193.43 |
DJ
Hong Kong Index |
|
DJIM India Index |
728.37 |
-39.09% |
-40.21% |
771.06 |
DJ
Wilshire India Index |
|
DJIM Indonesia Index |
473.96 |
-45.00% |
-46.62% |
60.29 |
DJ
Indonesia Index |
|
DJIM Japan Index |
721.96 |
-23.36% |
-22.22% |
65.34 |
DJ
Japan Index |
|
DJIM Malaysia Index |
896.00 |
-20.08% |
-20.44% |
120.33 |
DJ
Malaysia Index |
|
Dow Jones-JS Pakistan Islamic Index |
9234.92 |
-4.68% |
-4.38% |
680.07 |
DJ
Wilshire Pakistan Index |
|
DJIM Philippines Index |
948.72 |
-36.71% |
-35.99% |
86.94 |
DJ
Philippines Index |
|
DJIM Singapore Index |
567.57 |
-39.53% |
-36.18% |
134.99 |
DJ
Singapore Index |
|
DJIM South Korea Index |
327.52 |
-44.04% |
-44.88% |
106.09 |
DJ
South Korea Index |
|
DJIM Amana
Sri Lanka Index |
962.04 |
-6.76% |
-16.62% |
108.15 |
DJ
Sri Lanka Index |
|
DJIM Taiwan Index |
2422.51 |
-26.43% |
-27.81% |
81.14 |
DJ
Taiwan Index |
|
DJIM Thailand Index |
752.28 |
-38.03% |
-38.17% |
48.03 |
DJ
Thailand Index |
Middle East and GCC Regions
Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes
In October, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 3448.19. It is a loss of -23.46% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a loss of -23.81%, closing at 1164.60. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 310.70. It represents a loss of -22.71%.
The Dow Jones Islamic Market Turkey Index closed at 1729.19, a performance of -43.72% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 500.95, a loss of -47.66%.
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 1554.88, a loss of -27.65%. The conventional Dow Jones GCC Index was down -25.52%, closing at 1710.46.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -49.02%. It had a closing value of 758.51. By comparison, the Dow Jones BRIC 50 Index closed at 247.12, a loss of -47.34%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased -4.21%, closing at 106.80.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shariah laws, decreased -28.85%, closing at 1595.48. The conventional Dow Jones Sustainability Index lost -30.67% with a closing value of 697.05.
Global October 2008 Industries Winners and Losers
The three best performing Dow Jones Islamic Market Industry Indexes were Health Care, Telecommunications, and Consumer Goods, with performances of -17.84%, -21.82% and -26.26%, respectively. The Dow Jones Islamic Market Basic Materials, Dow Jones Islamic Market Financials and Dow Jones Islamic Industrials indexes were the three worst performing industry indexes with performances of -43.85%, -37.56% and -35.40%, 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
