Dow Jones Islamic Market Titans 100 Index up 2.50 per cent in July

The Dow Jones Islamic Market Titans 100 Index finished July up 2.50 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 July gain of 2.22 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 2.37 per cent in July; the Dow Jones Asian Titans 50 Index increased 2.67 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 2.74 per cent in July; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, increased 0.64 per cent.

In the US, the Dow Jones Islamic Market U.S. Titans 50 Index, which measures 50 of the largest Shari’ah-compliant US stocks, increased 2.44 per cent in July; the US blue-chip Dow Jones Industrial Average increased by 1.00 per cent.

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, gained 7.94 per cent in July. The Dow Jones Islamic Market Kuwait Index closed down 3.24 per cent.

The Dow Jones Islamic Market Turkey Index advanced 3.97 per cent, while the Dow Jones Turkey Total Stock Market Index closed up 3.80 per cent in July

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 1.18 per cent in July; the conventional Dow Jones GCC Index finished down 0.25 per cent.

Other Markets and Asset Classes

In July, the Dow Jones Islamic Market BRIC Equal Weighted Index dropped 1.27 per cent while, the Dow Jones BRIC 50 Index rose 2.00 per cent.

The Dow Jones Sukuk Price Return Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.81 per cent in July.

The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, rose 2.13 per cent in July while the conventional Dow Jones Sustainability Index gained 0.94 per cent.

July Industries Winners and Losers

In July, the top three performing Dow Jones Islamic Market Industry Indexes were Telecommunications, Financials and Oil & Gas up 4.69 per cent, 4.06 per cent and 3.01 per cent, respectively. The bottom three performing Dow Jones Islamic Market Industry Indexes were Industrials, up 0.97 per cent, Technology, up 0.57 per cent and Basic Materials down 0.06 per cent.