Dow Jones Islamic Market Indexes in May: The fear factor rules, but for how long?
The permanent debt woes in Europe and persistent political tensions in the Middle East have influenced the global indexes in May. The DJIM Citigroup Sukuk Index -- which measures the performance of investment-grade-rated, U.S. dollar-denominated Islamic bonds -- posted the largest gain, closing 0.94% higher to reach 129.85 points, as of the close of trading on May 24.
The DJIM Pakistan Index also gained 12.67% since January 1, 2011.
The DJIM China Offshore Index plummeted 8.65% to 3,465.53, while the DJIM BRIC Index lost 8.56% to 2,114.90.