August 2008 "Islamic market's measure" -- preliminary report.Summary: Based on the close of trading on August 26, the global Dow Jones Dow Jones
the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]
See : Finance Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari'ah compliant stocks globally, lost -1.68% month-to-date, closing at 2271.34. In comparison, the Dow Jones Global Titans The Dow Jones Global Titans 50 Index was created to reflect the globalization of international blue chip securities in the wake of mergers and the creation of mega-corporations. 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -2.57%, closing at 195.70.
August 2008 "Islamic market's measure" -- preliminary report
Monthly report on the performance of the Dow Jones Islamic market indexes
Based on the close of trading on August 26, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari'ah compliant stocks globally, lost -1.68% month-to-date, closing at 2271.34. In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of -2.57%, closing at 195.70.- 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 -6.36%, closing at 1896.45. The Dow Jones Asian Titans 50 Index, in comparison, posted a loss of -7.12%, closing at 143.40.- 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 2373.90, a loss of -7.14%, while the pan-European blue chip Dow Jones STOXX 50 Index lost -6.75%, closing at 3130.88.- 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 2288.03. It represents a gain of 1.80%. The U.S. blue-chip Dow Jones Industrial Average Dow Jones Industrial Average
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. increased 0.31%, closing at 11412.87.
Asia: Performance of Dow Jones Islamic Market Versus Conventional Dow Jones Indexes
Dow Jones Islamic Market Indexes Conventional Dow Jones IndexesIndex Names Index Close August 2008 MTD MTD Mounted
MTD Maximum Tolerated Dose
MTD Memory Technology Device
MTD Month To-Date
MTD Methadone (drug screening)
MTD motion to dismiss (legal)
MtD Mountain Dew
MTD Memory Technology Driver 2008 MTD 2008 Index Close August 2008 Index NamesDJIM Asia/Pacific Index 1242.36 -7.42% -7.83% 125.44 DJ Asia/Pacific IndexDJIM China Offshore Index 2380.23 -5.62% -8.72% 3852.23 DJ China Offshore 50 IndexDJIM Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. Index 1237.92 -8.53% -8.45% 370.89 DJ Hong Kong IndexDJIM India Index 1487.98 -3.04% -2.02% 1595.45 DJ Wilshire India IndexDJIM Indonesia Index 1109.10 -12.41% -10.61% 138.99 DJ Indonesia IndexDJIM Japan Index 1063.56 -5.34% -7.12% 91.90 DJ Japan IndexDJIM Malaysia Index 1224.47 -13.36% -11.39% 162.92 DJ Malaysia IndexDow Jones-JS Pakistan Islamic Index 10221.14 -16.82% -16.91% 755.94 DJ Wilshire Pakistan IndexDJIM Philippines Index 1552.31 -0.11% -2.04% 142.00 DJ Philippines IndexDJIM Singapore Index 1086.48 -11.30% -11.35% 246.29 DJ Singapore IndexDJIM South Korea Index 655.95 -15.08% -13.18% 218.55 DJ South Korea IndexDJIM Amana Sri Lanka Sri Lanka (srē läng`kə) [Sinhalese,=resplendent land], formerly Ceylon, ancient Taprobane, officially Democratic Socialist Republic of Sri Lanka, island republic (2005 est. pop. Index 1089.60 -1.00% -2.13% 145.79 DJ Sri Lanka IndexDJIM Taiwan Index 4035.69 -0.94% -3.32% 140.18 DJ Taiwan IndexDJIM Thailand Index 1367.84 -2.98% -3.26% 86.23 DJ Thailand Index Middle East and GCC GCC: see Gulf Cooperation Council.
(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). RegionsDow Jones Islamic Market Indexes Versus Conventional Dow Jones Indexes In August, the Dow Jones DFM DFM Design for Manufacturing (newsletter)
DFM Design for Manufacturability
DFM Dubai Financial Market
DFM Delphi Form (computer filename extension)
DFM Distinguished Flying Medal
DFM Diesel Fuel Marine Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, closed at 4894.08. It is a loss of -10.23% month-to-date.The Dow Jones Islamic Market Kuwait Index posted a loss of -5.11%, closing at 1759.68. Its conventional counterpart index, the Dow Jones Kuwait Composite Index Composite Index
A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". , was down, closing at 462.26. It represents a loss of -4.55%.The Dow Jones Islamic Market Turkey Index closed at 3823.66, a performance of -10.12% month-to-date, while the Dow Jones Wilshire Turkey Index closed at 1132.88, a loss of -7.51%.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 2434.21, a loss of -9.77%. The conventional Dow Jones GCC Index was down -7.35%, closing at 2623.57.
Other Markets and Asset ClassesThe Dow Jones Islamic Market BRIC BRIC Brazil, Russia, India and China (world affairs)
BRIC Brooklyn Information & Culture
BRIC Biological Research Information Center (Korea)
BRIC Benign Recurrent Intrahepatic Cholestasis Equal Weighted Index decreased -8.97%. It had a closing value of 1927.24. By comparison, the Dow Jones BRIC 50 Index closed at 573.72, a loss of -10.21%.The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, decreased -0.29%, closing at 111.67.The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies respecting the Shariah laws Noun 1. shariah law - the code of law derived from the Koran and from the teachings and example of Mohammed; "sharia is only applicable to Muslims"; "under Islamic law there is no separation of church and state"
Islamic law, sharia, sharia law, shariah , decreased -3.63%, closing at 2588.67. The conventional Dow Jones Sustainability Index lost -4.42% with a closing value of 1129.11.
Global August 2008 Industries Winners and LosersThe three best performing Dow Jones Islamic Market Industry Indexes were Consumer Services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, , Technology, and Consumer Goods consumer goods
Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , with performances of 1.99%, 1.38% and -0.21%, respectively. The Dow Jones Islamic Market Basic Materials, Dow Jones Islamic Market Utilities and Dow Jones Islamic Industrials Indexes were the three worst performing industry indexes with performances of -10.77%, -7.19% and -5.20%, 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 70 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 Supervisory board
The board of directors that represents stakeholders in the governance of the corporation. counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. 2008 Al Bawaba (www.albawaba.com)
2008 Al Bawaba (Albawaba.com)
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