IQ gained 4.5 percent to its highest value in at least two years.
"Qatar is already in focus following the euphoria of the 2022 World Cup announcement," said Saad Al-Chalabi, a technical analyst for institutional equities at Al-Ramz Securities in Abu Dhabi.
"Oil is a catalyst for the whole region and Qatar is a preferred choice for investors due to its strong fundamentals."
The Qatari index added 1.3 percent to 8,737 points, its highest value in nearly two weeks.
In the United Arab Emirates, property stocks weighed on Dubai's index as it closed at a 15-week low, with poor volumes and lack of liquidity affecting trading.
Heavyweight Emaar Properties dropped 1.4 percent and Dubai builder Arabtec lost 1 percent.
"We are seeing the lowest volumes for the UAE markets in months and there is a lack of liquidity," said Chalabi.
The Dubai Financial Market said it would cut the weight of single stocks in the index and adopt a unified price band as part of fresh steps to boost liquidity and better mirror market activity. "These are the kind of things that will help the market," said Chalabi.
"However, this is just one piece of the puzzle and a there are lot of other structural issues that need to be addressed and transparency needs to be increased."
Dubai Islamic Bank slipped 1.8 percent.
The Dubai index dropped 0.7 percent to 1,619 points, its lowest level since Sept. 7.
Egypt's main index closed 0.3 percent lower at 6,929 points in slow holiday trading as investors wrapped up their year-end portfolios.
The Kuwaiti index gained 0.4 percent to 6,906 points.
In Saudi Arabia, the Tadawul All-Share index (TASI) closed 0.04 percent higher at 6,612 points. The sector activity for the day was mostly mixed with 8 out of 15 closing with gains ranging from 0.01 percent by the Multi- Investment sector to 0.81 percent by the Media and Publishing sector. On the other hand the losing sectors ranged from 0.02 percent by the Transport sector to 0.68 percent by the Telecommunication & Information Technology sector. The overall market breadth for the day was positive with 59 advancers against 60 decliners giving it an AD ratio of 0.98, the Financial Transaction House (FTH) said in its daily market commentary.
The stock market turnover reached SR2.81 billion on Sunday.
— With input from agencies
