Following a ceasefire between the government and Maoists to end a seven year bloody communist insurgency, the NEPSE index gained an unprecedented 9.76 points Monday on the first day of trading after the weekend, analysts said.

The stock market first gained four plus points at the end of four day trading last week following the announcement of a ceasefire last Wednesday indicating a positive impact on trade and business by the suspension of hostilities.

The cessation of hostilities has positively impacted the stock market. The index on the closing day Friday stood at 203.54 points and shot up to 213.30 points Monday. Analysts said the market will gain further if the ceasefire holds.