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Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market Indexes. All changes will be effective after the close of trading on Friday, December 17, 2010.
In the Dow Jones Islamic Market World Index, 165 components will be added while 50 components will be deleted. That increases the number of components in the index to 2,479 from 2,364. The top five components by free-float market capitalization that will be added to the index are Rio Tinto PLC (United Kingdom, Basic Materials, RIO.LN), Bayer AG (Germany, Basic Materials, BAYN.XE), Norilsk Nickel Mining & Metallurgical Co. ADS (Russia, Basic Materials, MNOD.LN), Life Technologies Corp. (United States, Health Care, LIFE) and Coca-Cola Enterprises Inc. (United States, Consumer Goods, CCE).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index increased to US$13.374 trillion from US$13.141 trillion.
In the Dow Jones Islamic Market Asia/Pacific Index, with 114 additions and 24 deletions, the number of components in the index will increase to 1,168 from 1,078. The top five components by free-float market capitalization that will be added to the index are ASUSTeK Computer Inc. (Taiwan, Technology, 2357.TW), Petronas Chemicals Group Bhd (Malaysia, Chemicals, 5183.KU), BYD Co. Ltd. (China, Industrials, 1211.HK), Yangzijiang Shipbuilding Holdings Ltd. (Singapore, Industrials, BS6.SG), and Celltrion Inc. (South Korea, Health Care, 068270.KQ).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index increased to US$2.57 trillion from US$2.50 trillion.
In the Dow Jones Islamic Market Europe Index, 20 components will be added, while 8 components will be deleted. That increases the number of components in the index to 386 from 374. The top five components by free-float market capitalization that will be added to the index are Rio Tinto PLC (United Kingdom, Basic Materials, RIO.LN), Bayer AG (Germany, Basic Materials, BAYN.XE), Norilsk Nickel Mining & Metallurgical Co. ADS (Russia, Basic Materials, MNOD.LN), Croda International PLC (United Kingdom, Basic Materials, CRDA.LN) and Tauron Polska Energia S.A. (Poland, Utilities, TPE.WA).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index increased to US$2.88 trillion from US$2.71 trillion.
In the Dow Jones Islamic Market Americas Index, the number of components will increase to 780 from 773, with 22 additions and 15 deletions. The top five components by free-float market capitalization that will be added to the index are Life Technologies Corp. (United States, Health Care, LIFE), Coca-Cola Enterprises Inc. (United States, Consumer Goods, CCE), Lubrizol Corp. (United States, Basic Materials, LZ), VMware Inc. (United States, Technology, VMW), and Athabasca Oil Sands Corp. (Canada, Oil & Gas, ATH.T).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index decreased to US$7.71 trillion from US$7.73 trillion.
In the Dow Jones Islamic Market MENA Index, eight components will be added, while two components will be deleted. That increases the number of components in the index to 163 from 157. The top five components by free-float market capitalization that will be added to the index are Misr Beni Suef Cement Co. (Egypt, Industrials, MBSC.CI), Aldrees Petroleum & Transport Services Co. (Saudi Arabia, Utilities, 4200.SA), Livestock Transport & Trading Co. K.S.C. (Kuwait, Consumer Goods, CATTL.KW), United Project Group K.S.C.C. (Kuwait, Industrials, UPAC.KW) and Egypt for Poultry (Egypt, Consumer Goods, EPCO.CI).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market MENA Index increased to US$113.17 billion from US$111.81 billion.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, seven components will be added and three components will be deleted. That increases the number of components in the index to 85 from 81. The top five components by free-float market capitalization that will be added to the index are Norilsk Nickel Mining & Metallurgical Co. ADS (Russia, Basic Materials, MNOD.LN), BYD Co. Ltd. (China, Industrials, 1211.HK), Anhanguera Educacional Participacoes S/A Un (Brazil, Consumer Services, AEDU11.BR), Companhia Hering S/A Ord (Brazil, Consumer Goods, HGTX3.BR) and OSX Brasil S/A Ord (Brazil, Basic Materials, OSXB3.BR).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Equal Weighted Index increased to US$725.15 billion from US$684.99 billion.
In the Dow Jones Islamic Market China Offshore Index, BYD Co. Ltd. (China, Industrials, 1211.HK) will be added while no components will be deleted. That increases the number of components in the index to 23.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index increased to US$92.86 billion from US$86.85 billion.
In the Dow Jones Islamic Market Hong Kong Index, twelve components will be added and three components will be deleted. That increases the number of components in the index to 134 from 125. The top five components by free-float market capitalization that will be added to the index are China Shineway Pharmaceutical Group Ltd. (Hong Kong, Health Care, 2877.HK), G-Resources Group Ltd. (Hong Kong, Industrials, 1051.HK), PCD Stores Group Ltd. (Hong Kong, Consumer Services, 0331.HK), China Liansu Group Holdings Ltd. (Hong Kong, Industrials, 2128.HK), and Asian Citrus Holdings Ltd. (Hong Kong, Consumer Goods, 0073.HK).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index increased to US$166.96 billion from US$158.81 billion.
In the Dow Jones Islamic Market India Index, 13 components will be added, while five components will be deleted. That increases the number of components in the index to 177 from 169. The top five components by free-float market capitalization that will be added to the index are Tata Global Beverages Ltd. (India, Consumer Goods, 500800.BY), Alstom Projects India Ltd. (India, Industrials, 532309.BY), Clariant Chemicals (India) Ltd. (India, Basic Materials, 506390.BY), Engineers India Ltd. (India, Industrials, 532178.BY) and FDC Ltd. (India, Health Care, 500800.BY).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index increased to US$320.71 billion from US$308.36 billion.
In the Dow Jones Islamic Market Turkey Index, no components will be added and one component will be deleted. That decreases the number of components in the index to 32 from 33.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index decreased to US$17.68 billion from US$17.88 billion.
In the Dow Jones Islamic Market Titans 100 Index and sub-index, Dow Jones Islamic Market Europe Titans 25 Index, ENI S.p.A (Italy, Oil & Gas, ENI.MI) will be replaced by Rio Tinto PLC (United Kingdom, Basic Materials, RIO.LN). The change is a result of the regular quarterly review of the Dow Jones Islamic Market World Index. The Dow Jones Islamic Market Titans 100 and its three sub-indexes, Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Asia/Pacific Titans 25, Dow Jones Islamic Market Europe Titans 25 are reviewed annually in June.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Titans 100 Index increased to US$6.366 trillion from US$6.349 trillion.
The market capitalization values of Dow Jones Islamic Market Indexes cited in this report are as of December 7, 2010.
The Dow Jones DFM Index, Dow Jones Islamic Market Sustainability Index, Dow Jones Islamic Market Country, Dow Jones Islamic Market Regional and Dow Jones Islamic Market Industry indexes are also part of this regular quarterly review.
The Dow Jones DFM Titans 10 Index is reviewed annually in March. The Dow Jones Islamic Market Malaysia Titans 25 Index is reviewed annually in June and the Dow Jones Islamic Market China/Hong Kong Titans 30 Index is reviewed annually in September.
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 is 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 Index.
An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 24-month average market capitalization; cash plus interest-bearing securities divided by trailing 24-month average market capitalization; and accounts receivables divided by trailing 24-month average market capitalization.
There are currently more than 125 licensees with more than US$5 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
More information on the Dow Jones Islamic Market Indexes is available on www.djindexes.com.
Company additions to and deletions from the Dow Jones Islamic Market Indexes do not in any way reflect an opinion on the investment merits of the company.
