Portugal monopolised possession but Israel took a 3-1 lead around the hour mark.
However Helder Postiga quickly pulled one back before Fabio Contreao levelled in the last minute, leaving the two teams tied neck and neck in the race to finish second in their group.
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.