DAR ES SALAAM, Oct. 28 -- THE Capital Markets Tribunal (CMT) has ruled on the validity of reversing matched and executed stock exchange transactions, emphasising the need to safeguard market stability and certainty in trading activities.

A statement issued by the Tribunals Registrar, Dr Martin Kolikoli, said the decision was delivered in an appeal before the Tribunal.

According to the ruling, operational or data-entry errors made by brokers cannot, on their own, constitute sufficient grounds for reversing transactions that have already been matched and executed.

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The Tribunal clarified that such transactions are final and legally binding on all...