Israeli Stocks and Bonds Rise Post-Elections

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 1^st.

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.