Component changes made to Dow Jones Islamic Market Indexes

Press release
Published June 15th, 2011 - 08:48 GMT
Dow Jones Indexes
Dow Jones Indexes

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, 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, Country and Regional indexes.  All changes will be effective after the close of trading on Friday, June 17, 2011.

In the Dow Jones Islamic Market Titans 100 Index and sub-index Dow Jones Islamic Market U.S. Titans 50 Index, Exelon Corp. (United States, Utilities, EXC) and Medco Health Solutions Inc. (United States, Health Care, MHS) will be replaced by Accenture PLC Cl A (United States, Industrial Goods & Services, ACN) and Baker Hughes Inc. (United States, Oil & Gas, BHI).

In the Dow Jones Islamic Market Titans 100 Index and sub-index Dow Jones Islamic Market Asia/Pacific Titans 25 Index, Daiichi Sankyo Co. Ltd. (Japan, Health Care, 4568.TO) and Kao Corp. (Japan, Personal & Household Goods, 4452.TO) will be replaced by Rio Tinto Ltd. (Australia, Basic Resources, RIO.AU) and Inpex Corp. (Japan, Oil & Gas, 1605.TO).

No changes will be made to the Dow Jones Islamic Market Europe 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$6.69 trillion from US$6.77 trillion.

In the Dow Jones Islamic Market Malaysia Titans 25 Index, IJM Plantations Bhd (Malaysia, Food & Beverage, 2216.KU), Latexx Partners Bhd (Malaysia, Health Care, 7064.KU), Malaysian Bulk Carriers Bhd (Malaysia, Industrial Goods & Services, 5077.KU) and PLUS Expressways Bhd (Malaysia, Industrial Goods & Services, 5052.KU) will be replaced by Axiata Group Bhd (Malaysia, Telecommunications, 6888.KU), Malaysia Marine & Heavy Engineering Holdings Bhd (Malaysia, Oil & Gas, 5186.KU), Supermax Corp. Bhd (Malaysia, Health Care, 7106.KU) and TIME dotCom Bhd (Malaysia, Telecommunications, 5031.KU).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market Malaysia Titans 25 Index increased to US$49.59 billion from US$45.17 billion.

In the Dow Jones Islamic Market World Index, 165 components will be added while 71 components will be deleted. That increases the number of components in the index to 2,604 from 2,510. The top five components by free-float market capitalization that will be added to the index are Rio Tinto Ltd. (Australia, Basic Resources, RIO.AU), Centrica PLC (United Kingdom, Utilities, CNA.LN), Public Storage (United States, Real Estate, PSA), MAN SE (Germany, Industrial Goods & Services, MAN.XE) and Tata Consultancy Services Ltd. (India, Technology, 532540.BY).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index increased to US$14.29 trillion from US$14.12 trillion.

In the Dow Jones Islamic Market Asia/Pacific Index, with 101 additions and 38 deletions, the number of components in the index will increase to 1,258 from 1,195. The top five components by free-float market capitalization that will be added to the index are Rio Tinto Ltd. (Australia, Basic Resources, RIO.AU), Tata Consultancy Services Ltd. (India, Technology, 532540.BY), LG Corp. (South Korea, Industrial Goods & Services, 003550.SE), QR National Ltd. (Australia, Industrial Goods & Services, QRN.AU) and Axiata Group Bhd (Malaysia, Telecommunications, 6888.KU). The free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index increased to US$2.75 trillion from US$2.66 trillion.

In the Dow Jones Islamic Market Europe Index, 28 components will be added, while 13 components will be deleted. That increases the number of components in the index to 402 from 387. The top five components by free-float market capitalization that will be added to the index are Centrica PLC (United Kingdom, Utilities, CNA.LN), MAN SE (Germany, Industrial Goods & Services, MAN.XE), Kingfisher PLC (United Kingdom, Retail, KGF.LN), Givaudan S.A. (Switzerland, Chemicals, GIVN.VX) and Boliden AB (Sweden, Basic Resources, BOL.SK). The free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index increased to US$3.26 trillion from US$3.18 trillion.

In the Dow Jones Islamic Market Americas Index, the number of components will increase to 797 from 786, with 26 additions and 15 deletions. The top five components by free-float market capitalization that will be added to the index are Public Storage (United States, Real Estate, PSA), CF Industries Holdings Inc. (United States, Chemicals, CF), Micron Technology Inc. (United States, Technology, MU), National Semiconductor Corp. (United States, Technology, NSM) and Arca Continental S.A.B. de C.V. (Mexico, Food & Beverage, AC.MX).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index increased to US$8.072 trillion from US$8.071 trillion.

In the Dow Jones Islamic Market BRIC Equal Weighted Index, five components will be added, while two components will be deleted. That increases the number of components in the index to 86 from 83. The top five components by free-float market capitalization that will be added to the index are HRT Participacoes em Petroleo S.A. (Brazil, Oil & Gas, HRTP3.BR), Zhuzhou CSR Times Electric Co. Ltd. (China, Industrial Goods & Services, 3989.HK), Ecorodovias Infraestrutura e Logistica S/A (Brazil, Industrial Goods & Services, ECOR3.BR), Center for Cargo Container Traffic GDR Reg S (Russia, Industrial Goods & Services, TRCN.RS) and Spreadtrum Communications Inc. (China, Technology, SPRD). The free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Equal Weighted Index increased to US$767.76 billion from US$761.38 billion.

In the Dow Jones Islamic Market MENA Index, 11 components will be added, while four components will be deleted. That brings the number of components in the index to 167 from 160. The top five components by free-float market capitalization that will be added to the index are Kuwait Food Co. (Americana) S.A.K. (Kuwait, Food & Beverage, FOOD.KW), Omani Qatari Telecommunications Co. S.A.O.C. (Oman, Telecommunications, NWRS.ON), Juhayna Food Industries Co. (Egypt, Food & Beverage, JNUFO.CI), Egyptian Chemical Industries (Egypt, Chemicals, EGCH.CI) and Managem (Morocco Basic Resources, MNG.CL).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market MENA Index decreased to US$105.34 billion from US$106.45 billion.

In the Dow Jones Islamic Market China Offshore Index, two components will be added and one component will be deleted. That increases the number of components in the index to 24 from 23. The two components by free-float market capitalization that will be added to the index are Zhuzhou CSR Times Electric Co. Ltd. (China, Industrial Goods & Services, 3898.HK) and Spreadtrum Communications Inc. (China, Technology, SPRD). The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index increased to US$110.57 billion from US$109.74 billion.

In the Dow Jones Islamic Market Hong Kong Index, with 22 additions and eight deletions, the number of components will increase to 158 from 144. The top five components by free-float market capitalization that will be added to the index are Jinchuan Group International Resources Co. Ltd. (Hong Kong, Real Estate, 2362.HK), Sihuan Pharmaceutical Holdings Group Ltd. (Hong Kong, Health Care, 0460.HK), China ZhengTong Auto Services Holdings Ltd. (Hong Kong, Retail, 1728.HK), United Laboratories International Holdings Ltd. (Hong Kong, Health Care, 3933.HK) and China Medical System Holdings Ltd. (Hong Kong, Health Care, 0867.HK).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index increased to US$178.43 billion from US$169.49 billion.

In the Dow Jones Islamic Market India Index, 12 components will be added and two components will be deleted. That increases the number of components in the index to 185 from 175. The top five components by free-float market capitalization that will be added to the index are Tata Consultancy Services Ltd. (India, Technology, 532540.BY), Nestle India Ltd. (India, Food & Beverage, 500790.BY), GlaxoSmithKline Consumer Healthcare Ltd. (India, Food & Beverage, 500676.BY), Gujarat Pipavav Port Ltd. (India, Industrial Goods & Services, 533248.BY) and Shoppers Stop Ltd. (India, Retail, 532638.BY).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index increased to US$298.9 billion from US$281.03 billion.

In the Dow Jones Islamic Market Turkey Index, four components will be added and one component will be deleted. The number of components in the index increases to 36 from 33. The four components by free-float market capitalization that will be added to the index are Enka Insaat ve Sanayi A.S. (Turkey, Construction & Materials, ENKAI.IS), Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (Turkey, Real Estate, EKGYO.IS), Boyner Buyuk Magazacilik A.S. (Turkey, Retail, BOYNR.IS) and Ihlas Gazetecilik A.S. (Turkey, Media, IHGZT.IS).  The free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$20.07 billion from US$16.75 billion.

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