LONDON -- Israeli election authorities were still counting votes from Tuesday's parliamentary election on Thursday morning.

But even with the vast majority of ballots counted, it remained unclear who will form the country's new government. Neither the bloc led by Prime Minister Benjamin Netanyahu nor that of his prime challenger Gadi Eisenkot has an obvious course to secure a majority of seats in the Knesset, according to exit polls and partial results released by electoral authorities.

As of Thursday, Israel's Central Election Committee said it had counted nearly 94% of votes. The partial results -- which are subject to some change as the rest of the votes are tallied -- indicated that Netanyahu's Likud party would win 26 seats, with Eisenkot's Yashar party on 21 seats.

The CEC projected that Netanyahu's coalition was on course to secure 53 seats, slightly ahead of Eisenkot's bloc on 48 seats. Neither coalition wa...