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Dow Jones Islamic Market Titans 100 Index up 4.66 per cent in June.

The Dow Jones Islamic Market Titans 100 Index finished June up 4.66 per cent, according to data compiled by S&P Dow Jones Indices. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks.

The Dow Jones Global Titans 50 Index, which measures the world's 50 largest companies, posted a June gain of 5.65 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 2.63 per cent in June; the Dow Jones Asian Titans 50 Index advanced 5.20 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 7.08 per cent in June; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, gained 8.31 per cent.

In the US, the Dow Jones Islamic Market U.S. Titans 50 Index, which measures 50 of the largest Shari'ah-compliant U.S. stocks, increased 4.21 per cent in June; the U.S. blue-chip Dow Jones Industrial Average increased by 3.93 per cent.

Middle East markets

The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, dropped 1.68 per cent in June. The Dow Jones Islamic Market Kuwait Index closed down 0.11 per cent.

The Dow Jones Islamic Market Turkey Index closed up 10.74 per cent, while the Dow Jones Turkey Total Stock Market Index surged 16.27 per cent in June

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, loss 1.36 per cent in June; the conventional Dow Jones GCC Index finished down 1.19 per cent.

In June, the Dow Jones Islamic Market BRIC Equal Weighted Index increased 3.78 per cent while, the Dow Jones BRIC 50 Index rose 2.42 per cent.

The Dow Jones Sukuk Price Return Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.82 per cent in June.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari'ah laws, rose 4.17 per cent in June while the conventional Dow Jones Sustainability Index gained 5.59 per cent.

Sector winners

All DJIM Industry Indexes closed up for the month of June. The three top-performing Dow Jones Islamic Market Industry Indexes were Dow Jones Islamic Market Telecommunications Index, Dow Jones Islamic Market Health Care Index, Dow Jones Islamic Market Financials Index up 6.91 per cent, 6.66 per cent and 5.04 per cent, respectively. The Dow Jones Islamic Market Consumer Goods, Dow Jones Islamic Market Technology and Dow Jones Islamic Market Industrials indexes were the three bottom-performing industry indexes, down 0.86 per cent, 2.16 per cent and 2.32 per cent, respectively.

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Publication:CPI Financial
Date:Jul 9, 2012
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