MIDEAST STOCKS-Saudi market recovers, hits five-year high
 

* Saudi Arabia's bourse strongest in region * Follows oil price recovery, IPO progress * Dubai follows, aided by Emaar * Index broke technical resistance last week * Most regional markets little changed By Olzhas Auyezov DUBAI, March 23 (Reuters) - Saudi Arabia's bourse led the region on Sunday, recovering from last week's weakness to hit a five-year high with gains in most sectors as global oil prices stabilised. The index rose 1.3 percent to 9,425 points, its highest level since July 2008. Most stocks closed in the black, including petrochemicals, banks, cement makers and food producers. ...

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