Dow Jones Islamic Market index up 4.16pc
London, March 3, 2012
The Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of world’s leading Shari’ah-compliant stocks, finished February with a 4.16 per cent growth, according to data compiled by Dow Jones Indexes.
Elsewhere in the region, the Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, surged 22.15 per cent in February.
The Islamic Market GCC Index, which measures the performance of Shari’ah-compliant stocks for five of the Gulf states, gained 3.29 per cent in February; the conventional Dow Jones GCC Index finished up 3.99 per cent.
The Islamic Market Kuwait Index too closed February up 2.15 per cent while the Dow Jones Kuwait Composite Index rose 1.01 per cent.
The index, which measures the world’s 50 largest companies, The DJ Global Titans 50 Index, posted a February gain of 4.98 per cent.
Regionally, 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 4.52 per cent in February; the Dow Jones Asian Titans 50 Index advanced 5.08 per cent.
In Europe, the Dow Jones Islamic Market Europe Titans 25 Index, which measures the performance of the 25 the leading Shari’ah-compliant stocks in Europe, rose 3.76 per cent in February; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, gained 5.34 per cent.
In the US, the Dow Jones Islamic Market US Titans 50 Index, which measures 50 of the largest Shari’ah-compliant US stocks, increased 4.23 per cent in February; the US blue-chip Dow Jones Industrial Average increased by 2.53 per cent.
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.