September 2009 “Islamic Market’s Measure” – Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes

Based on the close of trading on September 22, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 4.25% month-to-date, closing at 2011.06. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 4.80%, closing at 167.25.

• 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 6.49%, closing at 1813.40. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 4.66%, closing at 133.06.
• 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 2066.95, a gain of 6.67%, while the pan-European blue chip Dow Jones STOXX 50 Index gained 6.11%, closing at 2731.15.
• 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 2012.86. It represents a gain of 2.89%. The U.S. blue-chip Dow Jones Industrial Average increased 3.51%, closing at 9829.87.

Asia: Performance of Dow Jones Islamic Market Versus Conventional Dow Jones Indexes

Middle East and GCC Regions Dow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes

In September, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 2703.70. It is a gain of 9.45% month-to-date.

The Dow Jones Islamic Market Kuwait Index posted a gain of 0.87%, closing at 1063.44. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was down, closing at 244.87. It represents a loss of -2.95%.

The Dow Jones Islamic Market Turkey Index closed at 2955.40, a performance of 4.46% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1065.75, a gain of 2.69%.

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 1473.51, a gain of 2.38%. The conventional Dow Jones GCC Index was up 2.02%, closing at 1520.71.

Other Markets and Asset Classes

The Dow Jones Islamic Market BRIC Equal Weighted Index increased 12.77%. It had a closing value of 1815.41. By comparison, the Dow Jones BRIC 50 Index closed at 555.96, a gain of 11.75%.

The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.59%, closing at 116.90.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 5.69%, closing at 2272.13. The conventional Dow Jones Sustainability Index gained 5.97% with a closing value of 989.01.

Global September 2009 Industries Winners and Losers

The three best performing Dow Jones Islamic Market Industry Indexes were Basic Materials, Oil & Gas and Industrials with performances of 10.62%, 8.35% and 7.41%, respectively. The Dow Jones Islamic Market Health Care, Dow Jones Islamic Market Consumer Services and Dow Jones Islamic Market Telecommunications indexes were the three worst performing industry indexes with performances of 2.89%, 3.47% and 3.89%, respectively.