Preliminary results released by Israel's Central Election Committee show, with 25.2% of ballots counted, the pro-Netanyahu camp has won 63 seats and anti-Netanyahu camp had won 49 seats

Preliminary results released by Israel's Central Election Committee show, with 25.2% of ballots counted, the pro-Netanyahu camp has won 63 seats and anti-Netanyahu camp had won 49 seats.

Preliminary counts in Israeli elections at this stage of the tally have historically shifted materially as later ballots are processed, since different counting stages and constituencies skew the partial picture, so the headline seat split is a position rather than a result. The number that matters is 61: crossings of the Knesset majority line, in either direction, have on previous occasions decided whether a bloc forms a government or the process reverts to coalition horse-trading, with small parties inside each camp tipping the balance. A bloc clearing the threshold has in past cycles moved quickly to mandate and coalition negotiations, while a bloc falling just short has tended to produce weeks of bargaining and, in some sequences, repeat elections. The transmission channel for markets runs through the shekel and Israeli local assets on the governability question rather than through any single policy pledge, with a decisive bloc outcome historically compressing the political risk premium relative to a hung result. The follow-ons are the progression of the count itself, final certified results, and the formal mandate process in which party leaders make their recommendations. Given the early stage of the count, the signal is directional only.