INTERNATIONAL. Based on the close of trading on August 24 the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, dropped -3.45% month-to-date, closing at 1888.71.
In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -3.65%, closing at 152.75.
− 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 -1.79%, closing at 1799.33. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -2.07%, closing at 125.68.
− 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 1827.21, a loss of -3.15%, while the conventional Dow Jones Europe Index loss -4.91%, closing at 230.04.
− 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 1917.57. It represents a loss of -3.88%. The U.S. blue-chip Dow Jones Industrial Average decreased -4.07%, closing at 10040.45.
Middle East and GCC Regions
Dow Jones Islamic Market Indexes versus Conventional Dow Jones Indexes
In August, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 1943.34. It is a loss of -1.63% month-to-date.
The Dow Jones Islamic Market Kuwait Index posted a gain of 1.06%, closing at 907.44. Its conventional counterpart index, the Dow Jones Kuwait Composite Index, was up, closing at 222.20. It represents a gain of 3.73%.
The Dow Jones Islamic Market Turkey Index closed at 3353.56, a down performance of -1.97% month-to-date, while the Dow Jones Turkey Total Stock Market Index closed at 1272.08, a loss of -3.31%.
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 1227.21, a gain of 1.18%. The conventional Dow Jones GCC Index was up 2.41%, closing at 1353.78.
Other Markets and Asset Classes
The Dow Jones Islamic Market BRIC Equal Weighted Index decreased -3.38%. It had a closing value of 1892.61. By comparison, the Dow Jones BRIC 50 Index closed at 568.70, a loss of -3.14%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, increased 0.99%, closing at 123.28.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari’ah laws, decreased -3.55%, closing at 2105.08. The conventional Dow Jones Sustainability Index loss -4.46% with a closing value of 904.96.
Global August 2010 Industries Winners and Losers
All DJIM Industry Indexes were down for the month of August. The three Dow Jones Islamic Market Industry Indexes posting the narrowest loss were Health Care, Financials and Basic Materials with performances of -0.28%, -0.39% and -1.17%, respectively.
The Dow Jones Islamic Market Technology, Dow Jones Islamic Market Industrials and Dow Jones Islamic Market Oil & Gas indexes were the three worst performing industry indexes with performances of -5.66%, -4.75% and -4.62%, 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