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Dow Jones Islamic Market Indexes in April: Growth is beautiful - or is it?

Posted on 02 May 2011

A number of Dow Jones Islamic Market (DJIM) Indexes posted gains in April. After diving 10.17% in the first quarter of 2011, the DJIM Kuwait Index rebounded, registering a gain of 7.04% to 963.52 (as of the close of trading on April 26).
In a nation with nearly 95% of its federal budget tied to oil revenues, rising oil prices drove the Gulf state’s stock market higher. The resignation of Kuwait’s old and unpopular cabinet also helped. Kuwait was followed (on a percentage basis) by the DJIM Hong Kong Index, up 6.50% to 1,655.53; and the DJIM Philippines Index, up 5.90% to 1,855.26……………………………………….Full Article: Source

 
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