Saudi Arabia's benchmark index (.TASI), opens new tab reversed early losses to close flat, with Al Rajhi Bank (1120.SE), opens new tab dropping 1.2%, while Dar Alarkan Real Estate Development Co (4300.SE), opens new tab jumped more than 5%, following a sharp rise in quarterly profit.
Elsewhere, Al Khaleej Training and Education Co (4290.SE), opens new tab plunged 10%, to be the biggest faller on the index, following a decrease in third-quarter profit.
Among other losers, budget carrier flynas (4264.SE), opens new tab tumbled 5.4%, after the firm posted losses for the nine-month period ending September 30, from profit a year earlier.
Crude prices - a catalyst for the Gulf's financial markets - were steady as investors assessed a potential end to the U.S. government shutdown and concerns around oversupply in the crude market.
Brent crude futures rose 11 cents, or 0.17%, to $63.74 a barrel by 1051 GMT.
Oil prices remain a risk for the broader market given current price levels and the bearish outlook, said Daniel Takieddine, co-founder and CEO of Sky Links Capital Group.
Dubai's main share index (.DFMGI), opens new tab dropped 0.3%, with top lender Emirates NBD (ENBD.DU), opens new tab losing 2.2% and blue-chip developer Emaar Properties (EMAR.DU), opens new tab retreating 1.5%.
In Abu Dhabi, the index (.FTFADGI), opens new tab was down 0.1%, pressured by a 3.6% decline in Aldar Properties (ALDAR.AD), opens new tab.
However, Fertiglobe (FERTIGLB.AD), opens new tab - the largest producer of nitrogen fertilisers in the Middle East and North Africa - advanced 2.1%, after the firm turned to quarterly profit.
The Qatari index (.QSI), opens new tab added 0.4%, helped by a 0.8% increase in petrochemical maker Industries Qatar (IQCD.QA), opens new tab.
Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab declined 1%, retreating from a record high, dragged down by a 6% slide in tobacco monopoly Eastern Company (EAST.CA), opens new tab.
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