Jun 09 2006 |
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Component Change Made to Dow Jones Arabia Titans 50 and Dow Jones Islamic Market Titans 100 Indexes
Changes Are The Result of The Regular Annual ReviewNEW YORK June 9, 2006. Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones DIFC Arabia Titans 50 Index and Dow Jones Islamic Market Titans 100 Index and its three subindexes: Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Europe Titans 25 and Dow Jones Islamic Market Asia/Pacific Titans 25 indexes.
The changes will be effective as of the open of trading on Monday, June 19, 2006.
The following 12 components will be added to the Dow Jones DIFC Arabia Titans 50 Index: Emirates Telecommunication Corporation (UAE), National Bank of Abu Dhabi (UAE), Abu Dhabi Commercial Bank (UAE), Dubai Islamic Bank (UAE), Emirates Bank International (UAE), Telecom Egypt (Egypt), National Bank of Dubai (UAE), Oman Telecommunications Company (Oman), MashreqBank (UAE), Attijariwafa Bank (Morocco), Housing Bank (Jordan) and Sudan Telecommunications Company (UAE).
The following three components will be added to the Dow Jones Islamic Market Titans 100 and its subindex Dow Jones Islamic Market U.S. Titans 50 Index: Motorola Inc., Occidental Petroleum Corp. and Dow Chemical Co. Companies exiting the index: Automatic Data Processing Inc., Baxter International Inc. and CVS Corp. Total free-float market capitalization of the reconstituted Dow Jones Islamic Market U.S. Titans 50 Index increased to $3.815 trillion from $3.754 trillion as of May 31, 2006.
The following six components will be added to the Dow Jones Islamic Market Titans 100 and its subindex Dow Jones Islamic Market Asia/Pacific Titans 25 Index: Asahi Glass Co. Ltd. (Japan), Woodside Petroleum Ltd. (Australia), Hynix Semiconductor Inc. (Korea), Eisai Co. Ltd. (Japan), Rinker Group Ltd. (Australia) and Nitto Denko Corp. (Japan). Companies exiting the index: Astellas Pharma Inc. (Japan), Fuji Photo Film Co. Ltd. (Japan), Wesfarmers Ltd. (Australia), Rohm Co. Ltd. (Japan), CLP Holdings Ltd. (Hong Kong) and Telstra Corp. Ltd. (Australia). Total free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Titans 25 Index increased to $579.959 billion from $570.462 billion as of May 31, 2006.
Dow Jones DIFC Arabia Titans 50 Index is a regional blue-chip index developed jointly by Dow Jones Indexes and the Dubai International Financial Centre, in collaboration with the Dubai based investment bank SHUAA Capital. The index covers companies in Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and United Arab Emirates. The investable index based on the stock prices of 50 leading companies in the region. The weighting of each component is determined using 60% market capitalization, 20% net income and 20% revenue. The index is weighted by full market capitalization. Each component's weight is capped at 10% of the index's total market capitalization. The full list of components including weightings and values of the Dow Jones DIFC Arabia Titans 50 Index is available on the Dow Jones Indexes Web site http://www.djindexes.com
Dow Jones Islamic Market Titans 100 comprises the Dow Jones Islamic Market U.S. Titans 50, the Dow Jones Islamic Market Europe Titans 25 and the Dow Jones Islamic Market Asia/Pacific Titans 25. Component changes made during the review are also applied to all Dow Jones Islamic Market Indexes screenings to ensure compliance with Shariah principles. The detailed methodology for each index is published in the indexes rulebook, accessible on the Dow Jones Indexes Web site at http://www.djindexes.com
Company additions to and deletions from the Dow Jones Arabia Titans 50 and Dow Jones Islamic Market Titans 100 Indexes do not in any way reflect an opinion on the investment merits of the company.
-Ends-
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most vital business and financial news and information. Dow Jones Indexes is a premier global provider of investable indexes, including the Dow Jones Averages and the Dow Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones Indexes markets and licenses the Dow Jones Wilshire index family, which includes the Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also offers a number of specialty indexes including hedge fund, commodity and credit derivative indexes.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva and with Hearst of SmartMoney. Dow Jones also provides news content to CNBC and radio stations in the U.S.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York:
+1-212-597-5720
Frankfurt:
+49-69-29725-290
© Press Release 2006
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