Dubai bourse gives back early-session gains as investors sell heavyweights, while Kuwait's bourse ends flat.
Emaar Properties and Emirates NBD shed 0.8 and 0.7 percent respectively.
Small-caps dominate trade after a set of positive quarterly earnings.
Union Properties rises 3 percent after the developer posted a profit of 50 million dirhams ($13.6 million) in the third quarter, swinging from a loss in the year-earlier period.
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