Dow Jones Islamic Market Index (DJIM) suffered the largest losses in February. Political crisis and civil unrest in Egypt, Jordan, Bahrain, Yemen, Morocco, escalating even to a civil war like in Libya, weighed on the markets.
The turmoil led the DJIM Kuwait Index to drop 8.64% . DJ Dubai Financial Market (DFM) Titans 10 Index lost 4.83%.These declines stand in stark contrast to the rise in energy prices, which usually lift Middle Eastern markets.