Israeli stocks and bounds advanced following elections, “as investors bet Benjamin Netanyahu’s coalition would weaken ultra-Orthodox factions as the nation seeks to narrow its budget deficit,” according to a report by Bloomberg business news.

The Tel Aviv 25 Index advanced 1.2 percent, the most since January 1st.

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The shekel also gained against the dollar, settling at 3.7227 shekels per dollar.

Prime Minister Binyamin Netanyahu’s Likud party, combined with the Yisrael Beitenu party, lost a total of 11 seats together, down from the 42 they hold today.

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Malkah Fleisher is a graduate of Cardozo Law School in New York City. She is an editor/staff writer at JewishPress.com and co-hosts a weekly Israeli FM radio show. Malkah lives with her husband and two children on the Mount of Olives in Jerusalem.
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