NEW YORK, Dec. 8, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a global index provider, today announced the results of its regular quarterly review of the Dow Jones Islamic Market Indexes, effective after the close of trading on Friday, December 16, 2011.
In the Dow Jones Islamic Market World Index, 82 components will be added while 77 components will be deleted. That increases the number of components in the index to 2,604 from 2,599. The top five components, by free-float market capitalization, to be added to the index are Apple Inc., Norfolk Southern Corp., Pioneer Natural Resources Co., Franco-Nevada Corp. and Rowan Cos. Inc. The free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index increased to US$13.48 trillion from US$13.30 trillion.
In the Dow Jones Islamic Market Asia/Pacific Index, with 44 additions and 41 deletions, the number of components in the index will increase to 1,259 from 1,256. The top five components, by free-float market capitalization, to be added to the index are Boral Ltd., Brilliance China Automotive Holdings Ltd., Nippon Kayaku Co. Ltd., Australian Infrastructure Fund Ltd. and Bumi Armada Bhd. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index decreased to US$2.39 trillion from US$2.40 trillion.
In the Dow Jones Islamic Market Europe Index, nine components will be added, while 13 will be deleted, decreasing the number of components in the index to 393 from 397. The top five components, by free-float market capitalization, to be added to the index are Elisa Oyj, Salvatore Ferragamo S.p.A., Hochschild Mining PLC, Jazztel PLC and Jastrzebska Spolka Weglowa S.A. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index decreased to US$2.85 trillion from US$2.88 trillion.
In the Dow Jones Islamic Market Americas Index, the number of components will increase to 809 from 799, with 25 additions and 15 deletions. The top five components, by free-float market capitalization, to be added to the index are Apple Inc., Norfolk Southern Corp., Pioneer Natural Resources Co., Franco-Nevada Corp. and Rowan Cos. Inc. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index increased to US$8.04 trillion from US$7.83 trillion.
In the Dow Jones Islamic Market Hong Kong Index, 10 components will be added and 10 components will be deleted. The number of components in the index remains at 157. The top five components, by free-float market capitalization, to be added to the index are C.P. Pokphand Co. Ltd., Billion Industrial Holdings Ltd., Sinopoly Battery Ltd., Pou Sheng International Holdings Ltd. and Cosway Corp. Ltd. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index increased to US$146.71 billion from US$146.01 billion.
In the Dow Jones Islamic Market India Index, four components will be added, two will be deleted, increasing the number of components in the index to 181 from 179. The four new components, by free-float market capitalization, to be added to the index are Responsive Industries Ltd., Blue Dart Express Ltd., Abbott India Ltd. and Texmaco Rail & Engineering Ltd. The free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index decreased to US$228.52 billion from US$228.95 billion.
In the Dow Jones Islamic Market Turkey Index, Coca-Cola Icecek Sanayi A.S. and Turk Traktor ve Ziraat Makineleri A.S. will be added and one component will be deleted. That increases the number of components in the index to 36 from 35. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$16.81 billion from US$15.98 billion.
In the Dow Jones Islamic Market MENA Index, the number of components will increase to 169 from 168, with eight additions and seven deletions. The top five components, by free-float market capitalization, to be added to the index are Al Jouf Cement Co., Al Hassan Ghazi Ibrahim Shaker Co. Ltd., National Co. for Glass Industries, Les Ciments de Bizerte and Jordan Dubai Islamic Bank. The free-float market capitalization of the reconstituted Dow Jones Islamic Market MENA Index decreased to US$92.57 billion from US$99.97 billion.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, four components will be added and three deleted, increasing the number of components in the index to 85 from 84. The four new components, by free-float market capitalization, to be added to the index are Brilliance China Automotive Holdings Ltd., Mills Estruturas e Servicos de Engenharia S.A., PhosAgro OJSC GDR and Global Ports Investments PLC GDR. The free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Equal Weighted Index decreased to US$585.07 billion from US$629.66 billion.
In the Dow Jones Islamic Market China Offshore Index, one component will be deleted while no components will be added, decreasing the number of components in the index to 23. The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index decreased to US$96.43 billion from US$97.14 billion.
In the Dow Jones Islamic Market Titans 100 Index and sub-index, Dow Jones Islamic Market U.S. Titans 50 Index, Dell Inc. will be replaced by Apple Inc. The change is a result of the regular quarterly review of the Dow Jones Islamic Market World Index. The Dow Jones Islamic Market Titans 100 and its three sub-indexes -- Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Asia/Pacific Titans 25 and Dow Jones Islamic Market Europe Titans 25 -- are reviewed annually in June. The free-float market capitalization of the reconstituted Dow Jones Islamic Market Titans 100 Index increased to US$6.65 trillion from US$6.39 trillion.
All market capitalization values cited in this report are as of December 6, 2011.
There are currently more than 125 licensees benchmarked to the Dow Jones Islamic Market Indexes.
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 media@djindexes.com
Note to Editors:
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 24-month average market capitalization; cash plus interest-bearing securities divided by trailing 24-month average market capitalization; and accounts receivables divided by trailing 24-month average market capitalization.
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that 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 offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).
"Dow Jones®", "Dow Jones Indexes", "Dow Jones Islamic Market Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones Islamic Market Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in any of the Dow Jones Islamic Market Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
The Dow Jones Indexes logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1289