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Intrinsic finds value in Islamic investing

... several specialist indices have arisen in recent months including the first Islamic Bond Index in March called the 'Dow Jones Citigroup Sukuk Index' and in February, the 'FTSE SGX Asia Shariah 100 Index'. In Australia, choice legislation means Muslim-Australian ...

Market wrap

AAP  |  WEDNESDAY, 10 MAY 2006
... YORK - Optimism that the US Federal Reserve will signal a pause in nearly two years of interest-rate hikes sent the Dow Jones industrial average towards a record high. A broker's upgrade of Dow component General Motors Corp and a bounce in energy stocks ...

Market wrap

AAP  |  TUESDAY, 9 MAY 2006
... industrials inched up to a fresh six-year closing high, but some investors held back to consolidate earlier gains. The Dow Jones industrial closed 6.8 points higher at 11,584.54. The Standard & Poor's 500 Index dipped 1.1 points to 1,324.66. The Nasdaq ...

Market wrap

AAP  |  MONDAY, 8 MAY 2006
... stocks rallied after slower-than-expected job growth in April hinted at a possible pause in interest-rate increases. The Dow Jones industrial average climbed for the fifth straight week. rising more than one per cent on the day to reach a fresh six year ...

Market wrap

AAP  |  FRIDAY, 5 MAY 2006
... shareholders. NEW YORK - US stocks rose, helped by a sharp pullback in crude oil prices and strong April retail sales. The Dow Jones industrial average hit a fresh 6-year closing high. Strong earnings from Tyco and Starbucks added to the positive tone. ...

Market wrap

AAP  |  THURSDAY, 4 MAY 2006
... maker Procter & Gamble missed expectations. A three per cent drop in crude oil prices also hit energy companies. The Dow Jones industrial average was down 16.17 points to 11,400.28. The Standard & Poor's 500 Index was down 5.36 points at 1307.85. The ...

Market wrap

AAP  |  WEDNESDAY, 3 MAY 2006
... the equities front Coca-Cola Amatil and Alinta both front shareholders today. NEW YORK - US stocks gained, pushing the Dow Jones industrial average to close above 11,400 for the first time since early 2000, as higher oil prices boosted energy shares ...

Market wrap

AAP  |  TUESDAY, 2 MAY 2006
... "flexible, not dovish," which investors interpreted as a sign that the door remained opened for more interest rate hikes. The Dow Jones industrial average was down 23.85 points at 11,343.29. The Standard & Poor's 500 Index was down 5.42 points at 1305.19. ...

Market wrap

AAP  |  MONDAY, 1 MAY 2006
... banks rose sharply. Both sectors countered Microsoft and allowed both the Dow and S&P 500 to end broadly unchanged. The Dow Jones industrial average was down 15.37 points at 11,367.14. The Standard & Poor's 500 Index was up 0.89 points to 1310.61. The ...

Market wrap

AAP  |  FRIDAY, 28 APR 2006
... and utilities. Investors piled into growth stocks, which can benefit from friendlier interest-rate environments. The Dow Jones industrial average was up 28.02 points at 11,382.51, after earlier hitting a session high at 11,416.93. The Standard & Poor's ...