We need an Israeli to explain what the parties are and what this means.
Left: Kadima-28, Labor-13, Meretz-3 = 44
Right: Likud-27, Yisrael Beiteinu-14, Shas-11, United Torah Judaism-5, Ichud Leumi-4, Jewish Home-3 = 64
The Right owns over 60 seats. There are 120 Knesset seats, and it takes 61 to form a government. They can form the next government.
Not an Israeli, but right-leaning parties (Likud and others) have won more seats in the Knesset than Kadima and left-leaning parties. Shimon Peres, as head of state, will have to ask one of the leading party heads (Livni or Netanyahu) to try to form a coalition government with the other parties involved to create a “working” majority.
Right now, Netanyahu has a much better chance of forming a coalition than Livni and Kadima considering the 3rd biggest vote getter was a nationalist party who’s head has already stated that it can’t work with Livni.