Stocks in Pakistan have been getting smoked

Pakistani stockbrokers watch share prices on a monitor during trading at The Karachi Stock Exchange. Asif Hassan/AFP/Getty Images)

It’s been a rough few months for Pakistani stocks.

The KSE-100 index has fallen by around 11% in August, after former prime minister Nawaz Sharif was forced to resign on July 28 amid allegations of corruption.

Including the recent falls, Pakistani stocks have now lost almost 30% since reaching an all-time high above 53,000 at the end of May:

According to a report by Capital Economics, Pakistan has also come under more pressure from the US government for not doing enough to combat terrorism in neighbouring Afghanistan.

Falls this week have been led by Habib Bank, which is facing fines of up to $US630 million by US regulators.

The charges relate to compliance failures at Habib Bank’s sole US branch. Shares in Habib Bank are down 15% this week.

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