Aleksandar Vucic, who has shaped Serbia’s political life for more than a decade, has lost snap parliamentary elections to a student-led movement that led protests against him for almost two years.

After a heated race, Vucic conceded defeat to the Student List in Sunday’s elections, which saw voter turnout reach its highest level in more than 30 years.

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“It is clear that we have lost these elections,” the leader of the Serbian Progressive Party (SNS) told supporters after a sample of votes showed his electoral list was expected to win 105 seats in Serbia’s 250-member parliament, compared with 135 to 140 for the Student…