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.
Advertisement
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.
Advertisement