Tel Aviv Stocks Open Higher After Israeli Election

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Israeli shares opened higher on Wednesday after Prime Minister Benjamin Netanyahu appeared headed for another term as prime minister following the election for Knesset the day before.

The blue-chip Tel Aviv index was up 0.9 percent at 1,203.89 points at 9:58 A.M.The broader TA-100 index was also 0.9 percent higher, while government bond prices were up as much as 0.4 percent.

Israel's stock market was closed on Tuesday for the general election.

Interim vote count results showed the Israeli leader's right-wing Likud and the ultra-nationalist Yisrael Beitenu would remain the biggest bloc in the 120-member assembly, but with only 31 seats, 11 fewer than the two parties held in the last parliament.

Inside the Tel Aviv Stock Exchange.Credit: Bloomberg