NEW YORK, June 11, 2009 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones Islamic Market Titans 100 Index and its three sub-indexes, the Dow Jones Islamic Market U.S. Titans 50 Index, Dow Jones Islamic Market Asia/Pacific Titans 25 Index and Dow Jones Islamic Market Europe Titans 25 Index as well as the Dow Jones Islamic Market Malaysia Titans 25 Index and the regular quarterly review of the Dow Jones Islamic Market World, Regional and Country indexes. All changes will be effective after the close of trading on Friday, June 19, 2009.
In the Dow Jones Islamic Market Titans 100 Index and sub-index Dow Jones Islamic Market U.S. Titans 50 Index, the following five components will be deleted: Dow Chemical Co. (United States, Chemicals, DOW), United Technologies Corp. (United States, Industrial Goods & Services, UTX), Dell Inc. (United States, Technology, DELL), eBay Inc. (United States, Retail, EBAY) and Yahoo! Inc. (United States, Technology, YHOO).
The following five companies will be added: Apache Corp. (United States, Oil & Gas, APA), Newmont Mining Corp. (United States, Basic Resources, NEM), Union Pacific Corp. (United States, Industrial Goods & Services, UNP), UnitedHealth Group Inc. (United States, Health Care, UNH) and Schering-Plough Corp. (United States, Health Care, SGP).
In the Dow Jones Islamic Market Titans 100 Index and sub-index Dow Jones Islamic Market Europe Titans 25 Index, the following three components will be deleted: Vodafone Group PLC (Great Britain, Telecommunications, VOD.LN), Repsol YPF S.A. (Spain, Oil & Gas, REP.MC) and E.ON AG (Germany, Utilities. EOAN.XE).
The following three companies will be added: L'Air Liquide S.A. (France, Chemicals, AI.FR), Syngenta AG (Switzerland, Chemicals, SYNN.VX) and Novo Nordisk A/S Series B (Denmark, Health Care, NOVO-B.KO).
No changes will be made to the Dow Jones Islamic Market Asia/Pacific Titans 25 Index as a result of this regular annual review.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Titans 100 Index decreased to US$5.17 trillion from US$5.50 trillion.
In the Dow Jones Islamic Market Malaysia Titans 25 Index, the following three components will be deleted: Lion Diversified Holdings Bhd (Malaysia, Technology, 2887.KU), Zelan Bhd (Malaysia, Construction & Materials, 2283.KU) and Axiata Group Bhd (Malaysia, Telecommunications, 6888.KU).
The following three companies will be added: Petronas Dagangan Bhd(Malaysia, Oil & Gas, 5681.KU), IJM Plantations Bhd (Malaysia, Food & Beverage, 2216.KU ) and Fraser & Neave Holdings Bhd (Malaysia, Food & Beverage, 3689.KU).
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Malaysia Titans 25 Index decreased to US$25.39 billion from US$27.54 billion.
In the Dow Jones Islamic Market World Index, 123 components will be added while 268 components will be deleted. That brings the number of components in the index to 2,394.
With 73 additions and 102 deletions, the number of components in the Dow Jones Islamic Market Asia/Pacific Index will decrease to 1063. In the Dow Jones Islamic Market Europe Index, 12 components will be added, while 75 components will be deleted. That brings the number of components in the index to 410. The number of components in the Dow Jones Islamic Market Americas Index will decrease to 781, with 29 additions and 64 deletions.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, one component will be added, while nine components will be deleted. That brings the number of components in the index to 65.
In the Dow Jones Islamic Market China Offshore Index, one component will be added, while three components will be deleted. That brings the number of components to 20. With 12 additions and 8 deletions, the number of components in the Dow Jones Islamic Market Hong Kong Index will increase to 84. In the Dow Jones Islamic Market India Index, two components will be added, while four components will be deleted. That brings the number of components in the index to 199. The number of components in the Dow Jones Islamic Market Turkey Index will decrease to 26, with three additions and nine deletions.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index decreased to US$10.38 trillion from US$11.02 trillion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index decreased to US$1.89 trillion from US$1.90 trillion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index decreased to US$2.22 trillion from US$2.67 trillion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index decreased to US$6.11 trillion from US$6.29 trillion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Index decreased to US$433.00 billion from US$433.98 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index decreased to US$36.48 billion from US$37.96 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index decreased to US$82.10 billion from US$88.00 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index decreased to US$277.50 billion from US$278.55 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index decreased to US$11.04 billion from US$13.05 billion.
The market capitalization values of all indexes cited in this report are as of June 9, 2009.
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. With more than 100 indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market Index.
An independent Shari'ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. 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.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
Further information on the Dow Jones Islamic Market Indexes can be found on http://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.
Note to editors:
The following indexes are also part of this regular quarterly review:
-- Dow Jones DFM Index -- Dow Jones Islamic Market Industry Indexes -- Dow Jones Islamic Market Sustainability Index
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com.
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 that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 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
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