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Based on the close of trading on September 27, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 9.05% month-to-date, closing at 2052.87. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a gain of 8.55%, closing at 2067.03.
- 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 9.42%, closing at 1946.82. The Dow Jones Asian Titans 50 Index, in comparison, posted a gain of 8.36%, closing at 134.17.
- 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 2032.16, a gain of 10.13%, while the conventional Dow Jones Europe Index gained 10.96%, closing at 257.76.
- 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 2067.03. It represents a gain of 8.55 %. The U.S. blue-chip Dow Jones Industrial Average increased 7.96%, closing at 10812.04.
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 |
|
|
Index Close |
Index Names |
|
DJIM Asia/Pacific Index |
1400.00 |
10.13% |
9.09% |
131.43 |
DJ
Asia/Pacific Index |
|
DJIM |
3108.62 |
16.59% |
7.96% |
4153.8 |
DJ
China Offshore 50 Index |
|
DJIM Hong Kong Index |
1609.18 |
9.75% |
11.91% |
463.74 |
DJ
Hong Kong Index |
|
DJIM
|
2071.10 |
14.01% |
14.95% |
2152.54 |
DJ
India Total Stock Market Index |
|
DJIM |
1459.04 |
7.81% |
14.25% |
205.69 |
DJ
Indonesia Index |
|
DJIM |
1039.61 |
7.52% |
83.41% |
5.21 |
DJ
Japan Index |
|
DJIM |
1561.66 |
3.06% |
5.19% |
238.36 |
DJ
Malaysia Index |
|
Dow
Jones-JS |
11693.55 |
1.07% |
-0.52% |
551.73 |
DJ
Pakistan Total Stock Market Index |
|
DJIM |
1819.17 |
17.59% |
252.05% |
21.97 |
DJ
|
|
DJIM |
1181.13 |
6.92% |
8.56% |
307.25 |
DJ
Singapore Index |
|
DJIM |
865.17 |
7.77 % |
11% |
261.49 |
DJ
South |
|
DJIM
Amana
Sri Lanka Index |
2413.04 |
17.97% |
26.51% |
2967.57 |
DJ
Sri Lanka Total Stock Market Index |
|
DJIM |
4482.82 |
9.35% |
9.5% |
160.37 |
DJ
Taiwan Index |
|
DJIM |
1763.12 |
6.76% |
8.15% |
139.41 |
DJ
Thailand Index |
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 2285.64 It is a gain of18.24 % month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a gain of 3.87 %, closing at 937.43. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 230.85. It represents a gain of 3.97%.
The Dow Jones Islamic Market Turkey Index closed at 3689.39, a performance of 6.83 % month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1455.85, a gain of 11.42%.
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 1286.09, a gain of 5.03 %. The conventional Dow Jones GCC Index was up 5.6%, closing at 1427.97.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index increased 8.69 %. It had a closing value of 2061.52. By comparison, the Dow Jones BRIC 50 Index closed at 617.55, a gain of 8.29%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.68%, closing at 124.26.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, increased 9.22%, closing at 2291.60. The conventional Dow Jones Sustainability Index gained 9.4% with a closing value of 993.33.
Global September 2010 Industries Winners and Losers
The three best performing were the Dow Jones Islamic Market Technology index, Dow Jones Islamic Market Industrials index, Dow Jones Islamic Market Basic Materials index with performances of 11.62%, 11.44 % and 11.01 %, respectively. The Dow Jones Islamic Market Telecommunications index, Dow Jones Islamic Market Oil & Gas index and Dow Jones Islamic Market Utilities index were the three worst performing industry indexes with performances of 6.99%, 7.26% and 7.81%, 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
