Kaspi.kz shares surged 5.07% in pre-market trading on Monday, following the release of its second-quarter financial results. The company reported better-than-expected earnings, which provided a catalyst for the upward move.

The stock gained after Kaspi.kz reported quarterly earnings of $2.87 per share, exceeding the analyst consensus estimate of $2.78. Additionally, a correction was issued regarding the company's revenue, stating that Kaspi.kz posted Q2 revenue of 1.112 trillion Kazakhstani tenge, which surpassed the FactSet estimate of 1.108 trillion tenge. An initial flash headline had incorrectly suggested a revenue miss.

The combination of the earnings beat and the corrected revenue figure, which showed a top-line beat rather than a miss, appeared to alleviate investor concerns and drive the stock higher in the pre-market session.