From Gérard Al-Fil: The Dow Jones Islamic Market (DJIM) Indexes of the Arabian Gulf states seem to be identified with the oil & gas sector, even as they diversify. The indexes’ prices are still correlating with oil prices, despite their establishing of new industry sectors.

Oil prices recovered in February by 12% to around US$80 per barrel. As a result, the DJIM Kuwait Index topped the charts last month (as of the close of February 23) and ended 13.57% higher at 963.94 points. Kuwait also leads in relation to year-to-date change with a positive showing of 11.83%. The DJIM GCC Index is hard on its heels, closing at 1,304.72 points (gaining 8.49%)……………………………………Full Press Release: Source