Jan 11 2012 |
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Dow Jones Islamic Market Titans 100 Index closed down 0.83% in 2011
Index Measures Performance of 100 of World's Leading Shari'ah-Compliant StocksDow Jones Islamic Market Asia/Pacific Titans 25 Index,
Dow Jones Islamic Market Europe Titans 25 Index
Also End 2011 in Negative Territory
Dow Jones Islamic Market U.S. Titans 50 Index Gained 3.98% in 2011
In comparison, the Dow Jones Global Titans 50 Index, which measures the world's 50 largest companies, posted a 2011 loss of 1.49%; it registered gains of 1.88% in December 2011 and 1.99% in 2010.
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, plunged 12.13% in 2011 after posting an 18.20% rise in 2010; the Dow Jones Asian Titans 50 Index posted a 2011 loss of 18.13%. For December, the Dow Jones Islamic Market Asia/Pacific Titans 25 Index increased 0.28% while the Dow Jones Asian Titans 50 Index rose 0.98%.
In the U.S., the Dow Jones Islamic Market U.S. Titans 50 Index, which measures 50 of the largest Shari'ah-compliant U.S. stocks, gained 3.98% in 2011 a year after it registered a 2010 gain of 5.74%; the U.S. blue-chip Dow Jones Industrial Average jumped 5.53% for the year. For December, the Dow Jones Islamic Market U.S. Titans 50 Index increased 0.90% while the Dow Jones Industrial Average climbed 1.43%.
Middle East and GCC Regions
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, ended 2011 down 15.91%. For December, it fell 2.81%.
The Dow Jones Islamic Market Kuwait Index closed 2011 down 17.89% while the Dow Jones Kuwait Composite Index fell 20.71%. For December, the Dow Jones Islamic Market Kuwait Index dropped 2.76% and the Dow Jones Kuwait Composite Index slipped 1.64%.
The Dow Jones Islamic Market Turkey Index closed 2011 down 27.84%, while the Dow Jones Turkey Total Stock Market Index plummeted 36.01%. For December, the Dow Jones Islamic Market Turkey Index dropped 7.40% and the Dow Jones Turkey Total Stock Market Index fell 8.74%.
The Dow Jones Islamic Market GCC Index, which measures the performance of Shari'ah-compliant stocks for five of the Gulf Cooperation Council (GCC) member states, plunged 14.26% in 2011; the conventional Dow Jones GCC Index finished the year down 12.59%. For December, the Dow Jones Islamic Market GCC Index dropped 0.69% while the Dow Jones GCC Index slid 0.45%.
Other Markets and Asset Classes
In 2011, the Dow Jones Islamic Market BRIC Equal Weighted Index plunged 27.50% while, the Dow Jones BRIC 50 Index fell 24.11%. For December, the Dow Jones Islamic Market BRIC Equal Weighted Index tumbled 7.11% while the Dow Jones BRIC 50 Index fell 2.64%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 5.44% in 2011 after posting a 0.78% gain in December.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shari'ah laws, fell 5.85% in 2011 while the conventional Dow Jones Sustainability Index, slipped 10.29%. For December, the Dow Jones Islamic Market Sustainability Index dropped 1.31%; the Dow Jones Sustainability Index fell 1.04%.
Global Industries Winners and Losers
For December, the three top-performing Dow Jones Islamic Market Industry Indexes were Health Care, Consumer Services and Financials, up 3.65%, 1.07% and 0.56%, respectively. The Dow Jones Islamic Market Oil & Gas, Dow Jones Islamic Market Utilities and Dow Jones Islamic Market Basic Materials indexes were the three worst-performing industry indexes, tumbling 2.02%, 3.21% and 5.53%, respectively.
The top performing Dow Jones Islamic Market Industry Indexes for 2011 were Health Care and Consumer Services with gains of 6.27% and 1.83%, respectively; Consumer Goods posted the narrowest loss (down 1.60%). The Dow Jones Islamic Market Industrials, Dow Jones Islamic Market Utilities, and Dow Jones Islamic Market Basic Materials indexes were 2011's three worst-performing industry indexes, falling 11.84%, 14.94% and 22.83%, respectively.
The top performing Dow Jones Islamic Market Industry Indexes for 2010 were Basic Materials, Industrials and Consumer Goods with gains of 27.30%, 24.47% and 17.31%, respectively. The Dow Jones Islamic Market Financials, Dow Jones Islamic Market Health Care, and Dow Jones Islamic Market Utilities indexes were 2010's three worst-performing industry indexes, with gains of 4.32%, 2.32% and 0.98%, respectively.
-Ends-
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.
Journalists may e-mail questions regarding this press release or contact Dow Jones Indexes press office:
London: +44-20-3379-3804
New York: +1-212-597-5720
© Press Release 2012
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