Top Islamic stocks decline in Dec: Dow
Friday, 26 December 2008
KUALA LUMPUR, Dec 25 (Reuters): The world's top Islamic stocks, as measured by the Dow Jones market index, fell 0.08 per cent in the first three weeks of December, versus a 2.0 per cent loss for top global stocks, Dow Jones said.
The Islamic index, which tracks the performance of the world's top 100 shahria stocks, closed at 1,698.95 on December 22 while the global stocks index, which measures the 50 largest firms worldwide, ended at 140.42.
The Islamic GCC index, which follows the Islamic stocks of five Gulf Cooperation Council (GCC) countries, fell 6.87 per cent to 1,182.57. The conventional GCC index dropped 7.32 per cent to 1,393.17.
The Islamic Asia Pacific index rose 5.60 per cent to 1,368.51. Top Islamic US stocks lost 2.10 per cent to 1,758.68, compared with a 3.50 per cent fall for the Dow Jones industrial average .DJI.
The Dow Jones Citigroup Sukuk Index, which tracks global Islamic bonds, fell 1.45 per cent to 91.38.
Dow Jones said its best three Islamic market industry indices were health care, consumer services and telecommunications. The worst were the oil and gas, consumer goods and financials.
The Islamic index, which tracks the performance of the world's top 100 shahria stocks, closed at 1,698.95 on December 22 while the global stocks index, which measures the 50 largest firms worldwide, ended at 140.42.
The Islamic GCC index, which follows the Islamic stocks of five Gulf Cooperation Council (GCC) countries, fell 6.87 per cent to 1,182.57. The conventional GCC index dropped 7.32 per cent to 1,393.17.
The Islamic Asia Pacific index rose 5.60 per cent to 1,368.51. Top Islamic US stocks lost 2.10 per cent to 1,758.68, compared with a 3.50 per cent fall for the Dow Jones industrial average .DJI.
The Dow Jones Citigroup Sukuk Index, which tracks global Islamic bonds, fell 1.45 per cent to 91.38.
Dow Jones said its best three Islamic market industry indices were health care, consumer services and telecommunications. The worst were the oil and gas, consumer goods and financials.