(Source: Middle East Company News)
Shariah-compliant stocks underperformed the broader market in the
Gulf Cooperation Council, United States and Europe during the third
quarter of 2009, according to the latest Shariah Scorecard published
by Standard & Poor's, the world's leading index provider, as Islamic
investors remained on the sidelines while the financial sector
rallied.
About S&P Indices Standard & Poor's Index Services, the world's
leading index provider, maintains a wide variety of investable and
benchmark indices to meet an array of investor needs. Over $1
trillion is directly indexed to Standard & Poor's family of indices,
which includes the S&P 500, the world's most followed stock market
index, the S&P Global 1200, a composite index comprised of seven
regional and country headline indices, the S&P Global BMI, an index
with approximately 11,000 constituents, and the S&P GSCI, the
industry's most closely watched commodities index.For more
information contact:Matthew McAdamCommunicationsStandard & Poor's
(+44) 207 176 3541 David R. GuarinoCommunicationsStandard & Poor's
(+1) 212 438 1471
(c) 2009 Middle East Company News. Provided by ProQuest LLC. All rights Reserved.
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