Nepal celebrated the end of a 10-year civil war declaring a public holiday on Wednesday, as world leaders hailed the deal under which rebels will join an interim government.
Thousands took to the streets around the country to celebrate.
The accord was signed by Prime Minister Girija Koirala and rebel leader Prachanda on Tuesday, just a day after a government commission blamed King Gyanendra for a brutal crackdown on protests in April that left 19 dead.
It followed weeks of pro-democracy protests that forced the King to restore parliament, which he had dissolved 14 months earlier.
Leader of Nepal's Communist Party Ishwar Pokharel hailed the deal.
 "This is a change brought about by Nepali people after centuries of struggle. We have opened the door and stepped out."
Under the deal, the rebels will get 73 of 330 seats in the interim parliament. Koirala's Nepali Congress will remain the biggest party with 85 seats.
More than 13,000 people were killed before a cease-fire was declared in April.
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Director: Liu Chi