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Polls had suggested a victory for left-leaning parties in the unpredictable election, which saw 10 parties competing for the Althing’s 63 seats.

If the number holds, Iceland’s Althing parliament will have a female majority for the first time.

A record nine parties could cross the 5% threshold needed to qualify for seats in Iceland’s parliament, the Althing.

In 930 AD, Vikings had established the 'Althing' in Iceland.

But the party lost five of of its 21 seats in the 63-member Althing, potentially paving the way for its main opponent, the Left-Green Movement headed by Katrín Jakobsdóttir, to form a left-leaning coalition with three other parties.