NEW YORK, June 18, 2008 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market (DJIM) Indexes. All changes will be effective prior to the start of trading on Monday, June 23, 2008.
Results are being announced today for the following indexes:
Dow Jones Islamic Market Global Index (Section 1)
-------------------------------------------------
Dow Jones Islamic Market World Index
Dow Jones Islamic Market Regional Indexes (Section 2)
-----------------------------------------------------
Dow Jones Islamic Market BRIC Equal Weighted Index
Dow Jones Islamic Market Asia/Pacific Index
Dow Jones Islamic Market Europe Index
Dow Jones Islamic Market Americas Index
Dow Jones Islamic Market Country Indexes (Section 3)
----------------------------------------------------
Dow Jones Islamic Market Amana Sri Lanka Index
Dow Jones Islamic Market China Offshore Index
Dow Jones Islamic Market Hong Kong Index
Dow Jones Islamic Market India Index
Dow Jones Islamic Market Indonesia Index
Dow Jones Islamic Market Japan Index
Dow Jones Islamic Market Malaysia Index
Dow Jones Islamic Market Kuwait Index
Dow Jones Islamic Market Singapore Index
Dow Jones Islamic Market Turkey Index
Dow Jones Islamic Market U.K. Index
Dow Jones Islamic Market U.S. Index
Dow Jones-JS Pakistan Islamic Index
Dow Jones Islamic Market Specialty Index (Section 4)
----------------------------------------------------
Dow Jones Islamic Market Sustainability Index
Dow Jones Islamic Market Global Index (Section 1)
-------------------------------------------------
--------------------- ----------------------- ------------------------
Index # of Components ADDED # of Components DELETED
--------------------- ----------------------- ------------------------
DJIM World Index 216 422
--------------------- ----------------------- ------------------------
The free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index decreased to US$15.49 trillion from US$16.54 trillion(1).
Dow Jones Islamic Market Regional Indexes (Section 2)
-----------------------------------------------------
------------------- ----------------------- ------------------------
Index # of Components ADDED # of Components DELETED
------------------- ----------------------- ------------------------
DJIM BRIC Equal
Weighted Index 7 13
------------------- ----------------------- ------------------------
DJIM Asia/Pacific
Index 151 182
------------------- ----------------------- ------------------------
DJIM Europe
Index 27 91
------------------- ----------------------- ------------------------
DJIM Americas
Index 34 144
------------------- ----------------------- ------------------------
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Regional Indexes:
DJIM BRIC Equal Weighted Index: increased to US$2.58 trillion from
US$2.49 trillion
DJIM Asia/Pacific Index: decreased to US$2.45 trillion from US$2.59
trillion
DJIM Europe Index: decreased to US$3.69 trillion from US$4.03
trillion
DJIM Americas Index: decreased to US$9.21 trillion from US$9.78
trillion
Dow Jones Islamic Market Country Indexes (Section 3)
----------------------------------------------------
--------------------- ---------------------- -----------------------
Index # of Components ADDED # of Components DELETED
--------------------- ---------------------- -----------------------
DJIM Amana Sri
Lanka Index 1 0
--------------------- ---------------------- -----------------------
DJIM China Offshore
Index 2 6
--------------------- ---------------------- -----------------------
DJIM Hong Kong Index 14 23
--------------------- ---------------------- -----------------------
DJIM India Index 25 17
--------------------- ---------------------- -----------------------
DJIM Indonesia Index 8 4
--------------------- ---------------------- -----------------------
DJIM Japan Index 10 53
--------------------- ---------------------- -----------------------
DJIM Malaysia Index 19 12
--------------------- ---------------------- -----------------------
DJIM Kuwait Index 3 15
--------------------- ---------------------- -----------------------
DJIM Singapore Index 5 30
--------------------- ---------------------- -----------------------
DJIM Turkey Index 7 3
--------------------- ---------------------- -----------------------
DJIM U.K. Index 5 27
--------------------- ---------------------- -----------------------
DJIM U.S. Index 21 109
--------------------- ---------------------- -----------------------
Dow Jones-JS
Pakistan Islamic
Index 8 3
--------------------- ---------------------- -----------------------
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Country Indexes:
DJIM Amana Sri Lanka Index: increased to US$357 million from US$238
million
DJIM China Offshore Index: decreased to US$172 billion from US$213
billion
DJIM Hong Kong Index: decreased to US$235 billion from US$245 billion
DJIM India Index: decreased to US$315 billion from US$339 billion
DJIM Indonesia Index: decreased to US$45 billion from US$46 billion
DJIM Japan Index: decreased to US$987 billion from US$1108 billion
DJIM Malaysia Index: increased to US$45 billion from US$38 billion
DJIM Kuwait Index: decreased to US$25 billion from US$46 billion
DJIM Singapore Index: decreased to US$64 billion from US$70 billion
DJIM Turkey Index: increased to US$19 billion from US$14 billion
DJIM U.K. Index: decreased to US$1.22 trillion from US$1.39 trillion
DJIM U.S. Index: decreased to $8.10 trillion from $8.59 trillion
Dow Jones-JS Pakistan Islamic Index: increased to US$5.25 billion
from US$4.65 billion
Dow Jones Islamic Market Specialty Index (Section 4)
----------------------------------------------------
--------------------- --------------------- -----------------------
Index # of Components ADDED # of Components DELETED
--------------------- --------------------- -----------------------
DJIM Sustainability
Index 5 17
--------------------- --------------------- -----------------------
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Sustainability Index decreased to US$4.66 trillion from US$5.08 trillion.
Dow Jones Islamic Market Industry Indexes, other Dow Jones Islamic Market Country Indexes and other Dow Jones Islamic Market Global Indexes are also part of this regular quarterly review.
The Dow Jones Islamic Market Titans Indexes are reviewed annually in June and the Dow Jones DFM Indexes annually in March.
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. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 12-month average market capitalization; cash plus interest-bearing securities divided by trailing 12-month average market capitalization; and accounts receivables divided by trailing 12-month average market capitalization.
More information on the Dow Jones Islamic Market indexes is available on www.djindexes.com.
Company additions to and deletions from the Dow Jones Islamic Market Indexes do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones & Company (www.dowjones.com) is a News Corporation company (NYSE:NWS) (NYSE:NWS.A) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
The Dow Jones & Company logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4578
(1) The market capitalization values of all indexes cited in this report are as of June 16, 2008.