The Dow Jones Islamic Market Titans 100 Index finished January up 4.08%, according to data compiled by Dow Jones Indexes. 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 January gain of 2.88%.
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, jumped 8.04% in January; the Dow Jones Asian Titans 50 Index advanced 8.53%.
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 3.35% in January; the Dow Jones Europe Titans 80 Index, which measures the performance of 80 blue-chip stocks traded in the developed markets of Europe, gained 3.81%.
In the US, the Dow Jones Islamic Market US Titans 50 Index, which measures 50 of the largest Shari’ah-compliant US stocks, increased 3.67% in January; the US blue-chip Dow Jones Industrial Average increased by 3.40%
The Dow Jones DFM Titans 10 Index, measuring the 10 largest and most liquid stocks listed on the Dubai Financial Market, ended January up 6.30%.
The Dow Jones Islamic Market Kuwait Index closed January down 0.09% while the Dow Jones Kuwait Composite Index fell 0.75%.
The Dow Jones Islamic Market Turkey Index closed January up 14.04%, while the Dow Jones Turkey Total Stock Market Index surged 18.67%.
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, dropped 1.70% in January; the conventional Dow Jones GCC Index finished down 0.93%.
In January, the Dow Jones Islamic Market BRIC Equal Weighted Index surged 15.90% while, the Dow Jones BRIC 50 Index rose 15.67%.
The Dow Jones Citigroup Sukuk Index, which measures the performance of global bonds complying with Islamic investment guidelines, rose 0.60% in January.
The Dow Jones Islamic Market Sustainability Index, which measures sustainable practice business of companies compliant with Shari’ah laws, rose 5.58% in January while the conventional Dow Jones Sustainability Index gained 5.53%.
All DJIM Industry Indexes closed up for the month of January. The three top-performing Dow Jones Islamic Market Industry Indexes were Basic Materials, Industrials and Technology, up 11.99%, 8.27% and 7.86%, respectively. The Dow Jones Islamic Market Consumer Goods, Dow Jones Islamic Market Health Care and Dow Jones Islamic Market Telecommunications indexes were the three bottom-performing industry indexes, with gains of 3.23%, 2.12% and 1.34%, respectively.